|JPY per share|
Resona Holdings paid a total dividend of 44,183 million JPY last year, for a market capitalization of 1,389,154 millions. Dividend per share of Resona Holdings is 19.02 JPY, and his stock market price 598.00 JPY.
According to the chart below, where dividend yield is displayed, Resona Holdings has a dividend yield of 3.18%, which is higher than the amount offered by both the market average and companies from Japan. It is also bigger than average of Financials 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 Resona Holdings to maintain his current dividend of JPY 19.02 per share, an amount that accounts for 3.18%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Resona Holdings payout on ernings is currently 25.13%, which is lower than the market average and companies of Financials industry, which are 39.68% and 44.73% respectively. Both figures lead us to believe that there is confidence that Resona Holdingscan 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 Resona Holdings is JPY 1,495.00 per share, which is higher than the dividend per share paid by the company of JPY 19.02, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Resona Holdings, compared againt world market average, Japan companies, Financials industry and Banks sector companies. You might also need to check full financial report of Resona Holdings.
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