|INR per share|
Great Eastern Shippi paid a total dividend of 1,687 million INR last year, for a market capitalization of 56,248 millions. Dividend per share of Great Eastern Shippi is 11.10 INR, and his stock market price 370.05 INR.
According to the chart below, where dividend yield is displayed, Great Eastern Shippi has a dividend yield of 3.00%, which is higher than the amount offered by both the market average and companies from India. It is also bigger than average of Industrials industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.
About the ability of Great Eastern Shippi to maintain his current dividend of INR 11.10 per share, an amount that accounts for 3.00%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Great Eastern Shippi payout on ernings is currently 16.20%, which is lower than the market average and companies of Industrials industry, which are 40.24% and 36.79% respectively. Both figures lead us to believe that there is confidence that Great Eastern Shippican 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 Great Eastern Shippi is INR 119.37 per share, which is higher than the dividend per share paid by the company of INR 11.10, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Great Eastern Shippi, compared againt world market average, India companies, Industrials industry and Industrial Transportation sector companies. You might also need to check full financial report of Great Eastern Shippi.
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