Hydro One Dividend yield




   CAD/share 
 Price  29.27
 Dividend  1.02
 Earnings  3.08
 Cash-flow  3.40
 Book value  17.22
 Equity  16.65

Hydro One is part of Electricity business, which is part of Utilities industry. Hydro One is a company from Canada, and his stocks are publicly traded.

Hydro One paid a total dividend of 609 million CAD last year, for a market value of 17,474 millions (Market Cap 9,211 millions). Dividend per share of Hydro One is 1.02 CAD, and his stock market price 29.27 CAD.

According to the chart below, where dividend yield is displayed, Hydro One has a dividend yield of 3.47%, which is similar to the amount offered by both the market average and companies from Canada. However, it is lower than the average of Utilities 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 Hydro One dividend yield with other Electricity companies or firms from Canada.

Dividend yield of Hydro One

Hydro One Dividend Payout

About the ability of Hydro One to maintain his current dividend of CAD 1.02 per share, an amount that accounts for 3.47%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Hydro One payout on ernings is currently 33.12%, which is lower than the market average and companies of Utilities industry, which are 38.17% and 58.26% respectively. Both figures lead us to believe that there is confidence that Hydro Onecan 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 Hydro One is CAD 3.40 per share, which is higher than the dividend per share paid by the company of CAD 1.02, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Hydro One, compared againt world market average, Canada companies, Utilities industry and Electricity sector companies.

Hydro One payout

Hydro One Dividend History

Year Yield  CAD  Paypout  Shares* 
Present3.47%1.0233.12%597
20203.54%1.0170.14%597
20193.85%0.9767.83%597
20184.54%0.9276.03%596
20173.93%0.8867.69%595
20163.29%0.7660.80%595

*In millions

Hydro One Stock performance

Finally, last moth Hydro One showed a return of 8.30% compared to a worldwide 4.24% average, and a 7.19% of Utilities firms. Over the last year, the company obtained a 15.50% versus a worldwide performance of a 53.49%. More detailed information can be seen in the following graph for Canada and Electricity firms.

Hydro One stock and market return