Manila Electric Dividend yield




   PHP/share 
 Price  272.00
 Dividend  12.51
 Earnings  21.25
 Cash-flow  39.42
 Book value  75.56
 Equity  73.78

Manila Electric is part of Electricity business, which is part of Utilities industry. Manila Electric is a company from Philippines, and his stocks are publicly traded.

Manila Electric paid a total dividend of 14,099 million PHP last year, for a market value of 306,544 millions (Market Cap 71,395 millions). Dividend per share of Manila Electric is 12.51 PHP, and his stock market price 272.00 PHP.

According to the chart below, where dividend yield is displayed, Manila Electric has a dividend yield of 4.60%, which is higher than the amount offered by both the market average and companies from Philippines. 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.

In addition, you should compare Manila Electric dividend yield with other Electricity companies or firms from Philippines.

Dividend yield of Manila Electric

Manila Electric Dividend Payout

About the ability of Manila Electric to maintain his current dividend of PHP 12.51 per share, an amount that accounts for 4.60%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Manila Electric payout on ernings is currently 58.87%, which is higher than the market average, and companies of Utilities industry, which are 38.16% and 58.26% respectively. Both figures show that Manila Electric 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 Manila Electric is PHP 39.42 per share, which is higher than the dividend per share paid by the company of PHP 12.51, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Manila Electric, compared againt world market average, Philippines companies, Utilities industry and Electricity sector companies.

Manila Electric payout

Manila Electric Dividend History

Year Yield  PHP  Paypout  Shares* 
Present4.60%12.5158.87%1,127
20205.17%15.1070.86%1,127
20199.29%29.45140.30%1,127
20183.52%13.3871.82%1,127
20170.00%0.000.00%1,127
20160.00%0.000.00%1,128
20153.41%10.4365.15%1,128

*In millions

Manila Electric Stock performance

Finally, last moth Manila Electric showed a return of 0.40% compared to a worldwide 4.25% average, and a 7.19% of Utilities firms. Over the last year, the company obtained a 20.90% versus a worldwide performance of a 53.42%. More detailed information can be seen in the following graph for Philippines and Electricity firms.

Manila Electric stock and market return