Formosa Plastics Cor Dividend yield




   TWD/share 
 Price  106.50
 Dividend  2.40
 Earnings  11.33
 Cash-flow  9.10
 Book value  62.65
 Equity  57.51

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

Formosa Plastics Cor paid a total dividend of 15,278 million TWD last year, for a market value of 677,979 millions (Market Cap 518,294 millions). Dividend per share of Formosa Plastics Cor is 2.40 TWD, and his stock market price 106.50 TWD.

According to the chart below, where dividend yield is displayed, Formosa Plastics Cor has a dividend yield of 2.25%, lower than the amount offered by both the market average and companies from Taiwan. It is also lower than average of Basic Materials industry. This low dividend yield might has several explanations: company overpriced, expanding their business,...

In addition, you should compare Formosa Plastics Cor dividend yield with other Chemicals companies or firms from Taiwan.

Dividend yield of Formosa Plastics Cor

Formosa Plastics Cor Dividend Payout

About the ability of Formosa Plastics Cor to maintain his current dividend of TWD 2.40 per share, an amount that accounts for 2.25%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Formosa Plastics Cor payout on ernings is currently 21.18%, 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 Plastics Corcan 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 Plastics Cor is TWD 9.10 per share, which is higher than the dividend per share paid by the company of TWD 2.40, so the company generates enough cash to maintain his dividend in the future.

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

Formosa Plastics Cor payout

Formosa Plastics Cor Dividend History

Year Yield  TWD  Paypout  Shares* 
Present2.25%2.4021.18%6,366
20212.31%2.4073.39%6,366
20204.56%4.4073.95%6,366
20195.81%5.8073.79%6,366
20185.64%5.7072.80%6,366
20174.66%4.6073.13%6,366
20163.96%3.6072.58%6,366
20152.31%1.7058.42%6,366

*In millions

Formosa Plastics Cor Stock performance

Finally, last moth Formosa Plastics Cor showed a return of 1.40% compared to a worldwide 1.12% average, and a 3.95% of Basic Materials firms. Over the last year, the company obtained a 5.40% versus a worldwide performance of a 5.73%. More detailed information can be seen in the following graph for Taiwan and Chemicals firms.

Formosa Plastics Cor stock and market return