Grifols paid a total dividend of 132 million EUR last year, for a market capitalization of 8,443 millions.
Dividend per share of Grifols is 0.31 EUR, and his stock market price 19.82 EUR.
According to the chart, where dividend yield is displayed, Grifols has a dividend yield of 1.58%, 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 to maintain his current dividend of EUR 0.31 per share, an amount that accounts for 1.58%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Grifols payout on ernings is currently 31.96%, which is lower than the market average and companies of Health Care industry, which are 40.24% and 32.91% respectively. Both figures lead us to believe that there is confidence that Grifolscan 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 Grifols is EUR 1.21 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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