|INR per share|
Reliance Infrastruct paid a total dividend of 2,238 million INR last year, for a market capitalization of 149,292 millions. Dividend per share of Reliance Infrastruct is 8.51 INR, and his stock market price 567.65 INR.
According to the chart below, where dividend yield is displayed, Reliance Infrastruct has a dividend yield of 1.50%, lower than the amount offered by both the market average and companies from India. It is also lower than average of Utilities industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...
About the ability of Reliance Infrastruct to maintain his current dividend of INR 8.51 per share, an amount that accounts for 1.50%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Reliance Infrastruct payout on ernings is currently 10.04%, which is lower than the market average and companies of Utilities industry, which are 40.24% and 43.28% respectively. Both figures lead us to believe that there is confidence that Reliance Infrastructcan 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 Infrastruct is INR 210.24 per share, which is higher than the dividend per share paid by the company of INR 8.51, 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 Infrastruct, compared againt world market average, India companies, Utilities industry and Electricity sector companies. You might also need to check full financial report of Reliance Infrastruct.
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