Dividend yield of Cemig ON

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Cemig ON is part of Electricidad business, which is part of Utilities industry. Cemig ON is a company from Brazil, and his stocks are publicly traded.

Cemig ON paid a total dividend of 1,207 million BRL last year, for a market capitalization of 558 millions.

Dividend per share of Cemig ON is 2.86 BRL, and his stock market price 6.61 BRL.

According to the chart, where dividend yield is displayed, Cemig ON has a dividend yield of 43.30%, which is higher than the amount offered by both the market average and companies from Brazil. 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.

About the ability of Cemig ON to maintain his current dividend of BRL 2.86 per share, an amount that accounts for 43.30%, we should study its payout ratio both on earnings and on cash-flows (see chart below). Cemig ON payout on ernings is currently 77.93%, which is higher than the market average, and companies of Utilities industry, which are 40.09% and 62.48% respectively. Both figures show that Cemig ON 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 latter amount the one which can be distributed to shareholders. Cash flow per share of Cemig ON is BRL 3.89 per share, which is higher than the dividend per share paid by the company of BRL 2.86, so the company generates enough cash to maintain his dividend in the future.

The following figure shows payout ratios over earnings and cashflow of Cemig ON, compared againt world market average, Brazil companies, Utilities industry and Electricidad sector companies. You might also need to check full financial report of Cemig ON.

Finally, you could compare Cemig ON dividend yield with other Electricidad companies or firms from Brazil.

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