|EUR per share|
Grifols paid a total dividend of 132 million EUR last year, for a market capitalization of 9,794 millions. Dividend per share of Grifols is 0.31 EUR, and his stock market price 22.99 EUR.
According to the chart below, where dividend yield is displayed, Grifols has a dividend yield of 1.36%, lower than the amount offered by both the market average and companies from Spain. 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 Grifols to maintain his current dividend of EUR 0.31 per share, an amount that accounts for 1.36%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Grifols payout on ernings is currently 34.83%, which is lower than the market average, but higher than companies of Health Care industry, which are 39.68% and 32.57% respectively. Both figures show that Grifols 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 is EUR 0.81 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, 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.
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