Tenaga Nasional Dividend yield




   MYR/share 
 Price  10.12
 Dividend  0.40
 Earnings  0.63
 Cash-flow  2.11
 Book value  10.12
 Equity  10.00

Tenaga Nasional is part of Electricity business, which is part of Utilities industry. Tenaga Nasional is a company from Malaysia, and his stocks are publicly traded.

Tenaga Nasional paid a total dividend of 2,275 million MYR last year, for a market value of 57,552 millions (Market Cap 39,439 millions). Dividend per share of Tenaga Nasional is 0.40 MYR, and his stock market price 10.12 MYR.

According to the chart below, where dividend yield is displayed, Tenaga Nasional has a dividend yield of 3.95%, which is higher than the amount offered by both the market average and companies from Malaysia. 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 Tenaga Nasional dividend yield with other Electricity companies or firms from Malaysia.

Dividend yield of Tenaga Nasional

Tenaga Nasional Dividend Payout

About the ability of Tenaga Nasional to maintain his current dividend of MYR 0.40 per share, an amount that accounts for 3.95%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Tenaga Nasional payout on ernings is currently 63.49%, which is higher than the market average, and companies of Utilities industry, which are 38.17% and 58.26% respectively. Both figures show that Tenaga Nasional 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 Tenaga Nasional is MYR 2.11 per share, which is higher than the dividend per share paid by the company of MYR 0.40, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Tenaga Nasional, compared againt world market average, Malaysia companies, Utilities industry and Electricity sector companies.

Tenaga Nasional payout

Tenaga Nasional Dividend History

Year Yield  MYR  Paypout  Shares* 
Present3.95%0.4063.49%5,687
20204.03%0.4252.50%5,687
20194.00%0.5381.54%5,687
20183.80%0.5235.14%5,666
20174.00%0.6150.00%5,659
20162.07%0.2922.14%5,596
20152.17%0.2926.36%5,596

*In millions

Tenaga Nasional Stock performance

Finally, last moth Tenaga Nasional showed a return of 4.00% compared to a worldwide 4.24% average, and a 7.19% of Utilities firms. Over the last year, the company obtained a -12.60% versus a worldwide performance of a 53.49%. More detailed information can be seen in the following graph for Malaysia and Electricity firms.

Tenaga Nasional stock and market return