|EUR per share|
Grifols S.A. Cl B paid a total dividend of 80 million EUR last year, for a market capitalization of 4,220 millions. Dividend per share of Grifols S.A. Cl B is 0.31 EUR, and his stock market price 16.42 EUR.
According to the chart below, where dividend yield is displayed, Grifols S.A. Cl B has a dividend yield of 1.90%, which is lower than the amount offered by the market average , but bigger than Health Care industry. Dividend yields are similar among companies from the same industry, so it is a positive sign for the company.
About the ability of Grifols S.A. Cl B to maintain his current dividend of EUR 0.31 per share, an amount that accounts for 1.90%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Grifols S.A. Cl B payout on ernings is currently 34.83%, which is lower than the market average, but higher than companies of Health Care industry, which are 40.24% and 33.63% respectively. Both figures show that Grifols S.A. Cl B is in a good position to keep maintaining his 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 Grifols S.A. Cl B is EUR 1.09 per share, which is higher than the dividend per share paid by the company of EUR 0.31, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Grifols S.A. Cl B, compared againt world market average, Spain companies, Health Care industry and Pharmaceuticals and Biotechnology sector companies. You might also need to check full financial report of Grifols S.A. Cl B.
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