|EUR per share|
Rexel S.A. paid a total dividend of 120 million EUR last year, for a market capitalization of 4,581 millions. Dividend per share of Rexel S.A. is 0.40 EUR, and his stock market price 15.27 EUR.
According to the chart below, where dividend yield is displayed, Rexel S.A. has a dividend yield of 2.62%, which is higher than the amount offered by both the market average and companies from France. It is also bigger than average of Industrials 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 Rexel S.A. to maintain his current dividend of EUR 0.40 per share, an amount that accounts for 2.62%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Rexel S.A. payout on ernings is currently 60.61%, which is higher than the market average, and companies of Industrials industry, which are 40.24% and 36.79% respectively. Both figures show that Rexel S.A. 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 Rexel S.A. is EUR 1.22 per share, which is higher than the dividend per share paid by the company of EUR 0.40, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Rexel S.A., compared againt world market average, France companies, Industrials industry and Electronic and Electrical Equipment sector companies. You might also need to check full financial report of Rexel S.A..
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