|ZAR per share|
Growthpoint Prop Ltd paid a total dividend of 5,207 million ZAR last year, for a market capitalization of 74,938 millions. Dividend per share of Growthpoint Prop Ltd is 1.84 ZAR, and his stock market price 26.48 ZAR.
According to the chart below, where dividend yield is displayed, Growthpoint Prop Ltd has a dividend yield of 6.94%, which is higher than the amount offered by both the market average and companies from South Africa. It is also bigger than average of Financials 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 Growthpoint Prop Ltd to maintain his current dividend of ZAR 1.84 per share, an amount that accounts for 6.94%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Growthpoint Prop Ltd payout on ernings is currently 99.46%, which is higher than the market average, and companies of Financials industry, which are 40.24% and 44.22% respectively. Both figures show that Growthpoint Prop Ltd can have problems to keep with his present dividend yield.
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 Growthpoint Prop Ltd is ZAR 1.67 per share, which is lower than the dividend per share paid by the company of ZAR 1.84, so the company does not generate enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Growthpoint Prop Ltd, compared againt world market average, South Africa companies, Financials industry and Real Estate Investment Trusts sector companies. You might also need to check full financial report of Growthpoint Prop Ltd.
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