Top Glove Corp Dividend yield




   MYR/share 
 Price  0.81
 Dividend  0.43
 Earnings  1.01
 Cash-flow  1.01
 Book value  0.74
 Equity  0.00

Top Glove Corp is part of Health Care Equipment and Services business, which is part of Health Care industry. Top Glove Corp is a company from Malaysia, and his stocks are publicly traded.

Top Glove Corp paid a total dividend of 3,443 million MYR last year, for a market value of 6,486 millions (Market Cap 4,190 millions). Dividend per share of Top Glove Corp is 0.43 MYR, and his stock market price 0.81 MYR.

According to the chart below, where dividend yield is displayed, Top Glove Corp has a dividend yield of 53.29%, which is higher than the amount offered by both the market average and companies from Malaysia. It is also bigger than average of Health Care industry. This high dividend yield might be a sign to worry about the future of the company so deeper analysis is needed.

In addition, you should compare Top Glove Corp dividend yield with other Health Care Equipment and Services companies or firms from Malaysia.

Dividend yield of Top Glove Corp

Top Glove Corp Dividend Payout

About the ability of Top Glove Corp to maintain his current dividend of MYR 0.43 per share, an amount that accounts for 53.29%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Top Glove Corp payout on ernings is currently 42.57%, which is higher than the market average, and companies of Health Care industry, which are 40.22% and 28.84% respectively. Both figures show that Top Glove Corp 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 last amount the one which can be distributed to shareholders. Cash flow per share of Top Glove Corp is MYR 1.01 per share, which is higher than the dividend per share paid by the company of MYR 0.43, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Top Glove Corp, compared againt world market average, Malaysia companies, Health Care industry and Health Care Equipment and Services sector companies.

Top Glove Corp payout

Top Glove Corp Dividend History

Year Yield  MYR  Paypout  Shares* 
Present53.29%0.4342.57%8,007
202116.56%0.4344.79%8,001
20204.08%0.25119.05%8,186
20191.60%0.0857.14%2,561

*In millions

Top Glove Corp Stock performance

Finally, last moth Top Glove Corp showed a return of -16.60% compared to a worldwide -0.44% average, and a -4.27% of Health Care firms. Over the last year, the company obtained a -79.80% versus a worldwide performance of a -6.34%. More detailed information can be seen in the following graph for Malaysia and Health Care Equipment and Services firms.

Top Glove Corp stock and market return