Ratchaburi Electrici paid a total dividend of 3,292 million THB last year, for a market capitalization of 73,950 millions.
Dividend per share of Ratchaburi Electrici is 2.27 THB, and his stock market price 51.00 THB.
According to the chart, where dividend yield is displayed, Ratchaburi Electrici has a dividend yield of 4.45%, which is higher than the amount offered by both the market average and companies from Thailand. It is also bigger than average of Utilities 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 Ratchaburi Electrici to maintain his current dividend of THB 2.27 per share, an amount that accounts for 4.45%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Ratchaburi Electrici payout on ernings is currently 94.98%, which is higher than the market average, and companies of Utilities industry, which are 40.24% and 49.39% respectively. Both figures show that Ratchaburi Electrici 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 Ratchaburi Electrici is THB 6.62 per share, which is higher than the dividend per share paid by the company of THB 2.27, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Ratchaburi Electrici, compared againt world market average, Thailand companies, Utilities industry and Electricity sector companies. You might also need to check full financial report of Ratchaburi Electrici.
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