|INR per share|
Reliance Industries paid a total dividend of 66,261 million INR last year, for a market capitalization of 4,275,753 millions. Dividend per share of Reliance Industries is 20.47 INR, and his stock market price 1,320.90 INR.
According to the chart below, where dividend yield is displayed, Reliance Industries has a dividend yield of 1.55%, lower than the amount offered by both the market average and companies from India. It is also lower than average of Oil and Gas industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Reliance Industries to maintain his current dividend of INR 20.47 per share, an amount that accounts for 1.55%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Reliance Industries payout on ernings is currently 19.53%, which is lower than the market average and companies of Oil and Gas industry, which are 39.68% and 27.16% respectively. Both figures lead us to believe that there is confidence that Reliance Industriescan maintain his current dividend.
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 Reliance Industries is INR 106.52 per share, which is higher than the dividend per share paid by the company of INR 20.47, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Reliance Industries, compared againt world market average, India companies, Oil and Gas industry and Oil and Gas Producers sector companies. You might also need to check full financial report of Reliance Industries.
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