Grindrod paid a total dividend of 152 million ZAR last year, for a market capitalization of 10,782 millions.
Dividend per share of Grindrod is 0.20 ZAR, and his stock market price 14.15 ZAR.
According to the chart, where dividend yield is displayed, Grindrod has a dividend yield of 1.39%, lower than the amount offered by both the market average and companies from South Africa. It is also lower than average of Industrials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Grindrod to maintain his current dividend of ZAR 0.20 per share, an amount that accounts for 1.39%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Grindrod payout on ernings is currently -12.05%, which is lower than the market average and companies of Industrials industry, which are 40.24% and 35.56% respectively. Both figures lead us to believe that there is confidence that Grindrodcan 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 Grindrod is ZAR 3.93 per share, which is higher than the dividend per share paid by the company of ZAR 0.20, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Grindrod, compared againt world market average, South Africa companies, Industrials industry and Industrial Transportation sector companies. You might also need to check full financial report of Grindrod.
Group 3i. UK. Financials.Groupe Bruxelles Lam. Belgium and Lux.. Financials.Groupe Eurotunnel. France. Industrials.Growthpoint Prop Ltd. South Africa. Financials.Gruma SA B. Mexico. Consumer Goods.Grupa Azoty SA. Poland. Basic Materials.
Grifols S.A. Cl B. Spain. Health Care.Grifols. Spain. Health Care.Greentown China Hold. China. Financials.Gree. Japan. Consumer Services.Great-West Lifeco. Canada. Financials.Great Wall Motor Com. China. Consumer Goods.
All rights reserved
Part of Enciclopedia Financiera Group
Disclaimer: Information on this site is only for informational purposes. Always consult a professional advisor before investing.