Formosa Chem & Fib Dividend yield




   TWD/share 
 Price  79.00
 Dividend  2.50
 Earnings  7.25
 Cash-flow  6.58
 Book value  65.83
 Equity  62.50

Formosa Chem & Fib is part of Chemicals business, which is part of Basic Materials industry. Formosa Chem & Fib is a company from Taiwan, and his stocks are publicly traded.

Formosa Chem & Fib paid a total dividend of 14,653 million TWD last year, for a market value of 463,019 millions (Market Cap 270,300 millions). Dividend per share of Formosa Chem & Fib is 2.50 TWD, and his stock market price 79.00 TWD.

According to the chart below, where dividend yield is displayed, Formosa Chem & Fib has a dividend yield of 3.16%, which is similar to the amount offered by both the market average and companies from Taiwan. However, it is lower than the average of Basic Materials industry. The company should be deeply analized because dividend yields should be similar among companies from the same industry unless they carry an opposite strategy.

In addition, you should compare Formosa Chem & Fib dividend yield with other Chemicals companies or firms from Taiwan.

Dividend yield of Formosa Chem & Fib

Formosa Chem & Fib Dividend Payout

About the ability of Formosa Chem & Fib to maintain his current dividend of TWD 2.50 per share, an amount that accounts for 3.16%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Formosa Chem & Fib payout on ernings is currently 34.48%, which is lower than the market average and companies of Basic Materials industry, which are 38.25% and 40.37% respectively. Both figures lead us to believe that there is confidence that Formosa Chem & Fibcan maintain his current dividend.

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 Formosa Chem & Fib is TWD 6.58 per share, which is higher than the dividend per share paid by the company of TWD 2.50, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Formosa Chem & Fib, compared againt world market average, Taiwan companies, Basic Materials industry and Chemicals sector companies.

Formosa Chem & Fib payout

Formosa Chem & Fib Dividend History

Year Yield  TWD  Paypout  Shares* 
Present3.16%2.5034.48%5,861
20213.09%2.5063.13%5,861
20204.49%3.8067.26%5,861
20197.09%6.2068.06%5,861
20186.67%7.0071.36%5,861
20175.44%5.6067.96%5,861
20163.50%3.5066.16%5,861
20151.70%1.2051.06%5,861

*In millions

Formosa Chem & Fib Stock performance

Finally, last moth Formosa Chem & Fib showed a return of 0.00% compared to a worldwide 1.12% average, and a 3.95% of Basic Materials firms. Over the last year, the company obtained a -9.80% versus a worldwide performance of a 5.73%. More detailed information can be seen in the following graph for Taiwan and Chemicals firms.

Formosa Chem & Fib stock and market return