|INR per share|
Reliance Power paid a total dividend of 2,805 million INR last year, for a market capitalization of 134,921 millions. Dividend per share of Reliance Power is 1.00 INR, and his stock market price 48.10 INR.
According to the chart below, where dividend yield is displayed, Reliance Power has a dividend yield of 2.08%, 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 Power to maintain his current dividend of INR 1.00 per share, an amount that accounts for 2.08%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Reliance Power payout on ernings is currently 20.58%, which is lower than the market average and companies of Utilities industry, which are 39.68% and 48.76% respectively. Both figures lead us to believe that there is confidence that Reliance Powercan 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 Power is INR 7.29 per share, which is higher than the dividend per share paid by the company of INR 1.00, 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 Power, compared againt world market average, India companies, Utilities industry and Electricity sector companies. You might also need to check full financial report of Reliance Power.
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