Ramsay Health Care paid a total dividend of 240 million AUD last year, for a market capitalization of 13,494 millions.
Dividend per share of Ramsay Health Care is 1.19 AUD, and his stock market price 66.80 AUD.
According to the chart, where dividend yield is displayed, Ramsay Health Care has a dividend yield of 1.78%, 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 Ramsay Health Care to maintain his current dividend of AUD 1.19 per share, an amount that accounts for 1.78%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Ramsay Health Care payout on ernings is currently 52.19%, which is higher than the market average, and companies of Health Care industry, which are 40.24% and 32.91% respectively. Both figures show that Ramsay Health Care 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 Ramsay Health Care is AUD 4.51 per share, which is higher than the dividend per share paid by the company of AUD 1.19, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Ramsay Health Care, compared againt world market average, Australia companies, Health Care industry and Health Care Equipment and Services sector companies. You might also need to check full financial report of Ramsay Health Care.
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