Red Electrica Corp S Dividend yield




   EUR/share 
 Price  15.10
 Dividend  1.05
 Earnings  1.22
 Cash-flow  2.56
 Book value  6.29
 Equity  6.46

Red Electrica Corp S is part of Electricity business, which is part of Utilities industry. Red Electrica Corp S is a company from Spain, and his stocks are publicly traded.

Red Electrica Corp S paid a total dividend of 566 million EUR last year, for a market value of 8,139 millions (Market Cap 6,502 millions). Dividend per share of Red Electrica Corp S is 1.05 EUR, and his stock market price 15.10 EUR.

According to the chart below, where dividend yield is displayed, Red Electrica Corp S has a dividend yield of 6.97%, which is higher than the amount offered by both the market average and companies from Spain. 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 Red Electrica Corp S dividend yield with other Electricity companies or firms from Spain.

Dividend yield of Red Electrica Corp S

Red Electrica Corp S Dividend Payout

About the ability of Red Electrica Corp S to maintain his current dividend of EUR 1.05 per share, an amount that accounts for 6.97%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Red Electrica Corp S payout on ernings is currently 86.07%, which is higher than the market average, and companies of Utilities industry, which are 38.17% and 58.26% respectively. Both figures show that Red Electrica Corp S 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 Red Electrica Corp S is EUR 2.56 per share, which is higher than the dividend per share paid by the company of EUR 1.05, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Red Electrica Corp S, compared againt world market average, Spain companies, Utilities industry and Electricity sector companies.

Red Electrica Corp S payout

Red Electrica Corp S Dividend History

Year Yield  EUR  Paypout  Shares* 
Present6.97%1.0586.07%539
20206.27%1.0577.21%539
20195.48%0.9874.24%540
20184.71%0.9273.60%540
20174.59%0.8672.27%539
20164.78%0.8070.18%541
20153.69%3.0056.18%135

*In millions

Red Electrica Corp S Stock performance

Finally, last moth Red Electrica Corp S showed a return of 8.90% compared to a worldwide 4.24% average, and a 7.19% of Utilities firms. Over the last year, the company obtained a -7.70% versus a worldwide performance of a 53.49%. More detailed information can be seen in the following graph for Spain and Electricity firms.

Red Electrica Corp S stock and market return