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Wesfarmers Limited (ASX:WES) is reducing its dividend to AU$0.80 on the 30th of March. The yield is still above the industry average at 7.3%.
Check out our latest analysis for Wesfarmers
Wesfarmers Is Paying Out More Than It Is Earning
If the payments aren't sustainable, a high yield for a few years won't matter that much. At the time of the last dividend payment, Wesfarmers was paying out a very large proportion of what it was earning and 117% of cash flows. Paying out such a high proportion...
>>> Read more: Wesfarmers' (ASX:WES) Dividend Will Be Reduced To AU$0.80
Check out our latest analysis for Wesfarmers
Wesfarmers Is Paying Out More Than It Is Earning
If the payments aren't sustainable, a high yield for a few years won't matter that much. At the time of the last dividend payment, Wesfarmers was paying out a very large proportion of what it was earning and 117% of cash flows. Paying out such a high proportion...
>>> Read more: Wesfarmers' (ASX:WES) Dividend Will Be Reduced To AU$0.80
