|EUR per share|
Red Electrica Corp S paid a total dividend of 444 million EUR last year, for a market capitalization of 9,738 millions. Dividend per share of Red Electrica Corp S is 0.82 EUR, and his stock market price 18.00 EUR.
According to the chart below, where dividend yield is displayed, Red Electrica Corp S has a dividend yield of 4.54%, which is higher than the amount offered by both the market average and companies from Spain. 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 Red Electrica Corp S to maintain his current dividend of EUR 0.82 per share, an amount that accounts for 4.54%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Red Electrica Corp S payout on ernings is currently 69.49%, which is higher than the market average, and companies of Utilities industry, which are 39.68% and 48.76% respectively. Both figures show that Red Electrica Corp S 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 Red Electrica Corp S is EUR 1.86 per share, which is higher than the dividend per share paid by the company of EUR 0.82, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Red Electrica Corp S, compared againt world market average, Spain companies, Utilities industry and Electricity sector companies. You might also need to check full financial report of Red Electrica Corp S.
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