|EUR per share|
Grandvision B.V. paid a total dividend of 71 million EUR last year, for a market capitalization of 6,106 millions. Dividend per share of Grandvision B.V. is 0.28 EUR, and his stock market price 24.04 EUR.
According to the chart below, where dividend yield is displayed, Grandvision B.V. has a dividend yield of 1.16%, lower than the amount offered by both the market average and companies from Netherlands. It is also lower than average of Health Care industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Grandvision B.V. to maintain his current dividend of EUR 0.28 per share, an amount that accounts for 1.16%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Grandvision B.V. payout on ernings is currently 26.67%, which is lower than the market average and companies of Health Care industry, which are 40.24% and 33.63% respectively. Both figures lead us to believe that there is confidence that Grandvision B.V.can maintain his current dividend.
The payout on earnings should be complemented with the payout on cash flow since it is this latter amount the one which can be distributed to shareholders. Cash flow per share of Grandvision B.V. is EUR 1.67 per share, which is higher than the dividend per share paid by the company of EUR 0.28, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Grandvision B.V., compared againt world market average, Netherlands companies, Health Care industry and Health Care Equipment and Services sector companies. You might also need to check full financial report of Grandvision B.V..
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