|BRL per share|
Engie Brasil paid a total dividend of 1,286 million BRL last year, for a market capitalization of 24,148 millions. Dividend per share of Engie Brasil is 1.97 BRL, and his stock market price 36.98 BRL.
According to the chart below, where dividend yield is displayed, Engie Brasil has a dividend yield of 5.33%, which is higher than the amount offered by both the market average and companies from Brazil. It is also bigger than average of Utilities 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 Engie Brasil to maintain his current dividend of BRL 1.97 per share, an amount that accounts for 5.33%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Engie Brasil payout on ernings is currently 82.43%, which is higher than the market average, and companies of Utilities industry, which are 40.24% and 43.28% respectively. Both figures show that Engie Brasil 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 Engie Brasil is BRL 3.85 per share, which is higher than the dividend per share paid by the company of BRL 1.97, so the company generates enough cash to maintain his dividend in the future.
The following figure shows payout ratios over earnings and cashflow of Engie Brasil, compared againt world market average, Brazil companies, Utilities industry and Electricity sector companies. You might also need to check full financial report of Engie Brasil.
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