|HKD per share|
Guotai Junan Interna paid a total dividend of 484 million HKD last year, for a market capitalization of 18,040 millions. Dividend per share of Guotai Junan Interna is 0.07 HKD, and his stock market price 2.61 HKD.
According to the chart below, where dividend yield is displayed, Guotai Junan Interna has a dividend yield of 2.68%, which is similar to the amount offered by both the market average and companies from Hong-Kong. However, it is lower than the average of Financials industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.
About the ability of Guotai Junan Interna to maintain his current dividend of HKD 0.07 per share, an amount that accounts for 2.68%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Guotai Junan Interna payout on ernings is currently 46.67%, which is higher than the market average, and companies of Financials industry, which are 40.24% and 44.22% respectively. Both figures show that Guotai Junan Interna 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 Guotai Junan Interna is HKD -0.50 per share, which is lower than the dividend per share paid by the company of HKD 0.07, 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 Guotai Junan Interna, compared againt world market average, Hong-Kong companies, Financials industry and Financial Services sector companies. You might also need to check full financial report of Guotai Junan Interna.
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