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Dividend Yield: 5.6%

Gaztransport & Technigaz's dividend yield stands at 5.59%, placing it in the top 25% of French dividend payers. However, its high cash payout ratio (139.7%) indicates dividends are not well covered by free cash flows, raising sustainability concerns despite a consistent increase over the past decade. Recent earnings show substantial growth, with net income reaching €170.31 million for H1 2024, supporting an interim dividend of €3.67 per share announced in July 2024.

• Take a closer look at Gaztransport & Technigaz's potential here in our dividend report.

• The analysis detailed in our Gaztransport & Technigaz valuation report hints at an deflated share price compared to its estimated value.

Compagnie Générale des Établissements Michelin Société en commandite par actions

Simply Wall St Dividend Rating: ★★★★☆☆

Overview: Compagnie Générale des Établissements Michelin Société en commandite par actions manufactures and sells tires worldwide, with a market cap of €25.16 billion.

Operations: Compagnie Générale des Établissements Michelin Société en commandite par actions generates revenue from three main segments: Automotive and Related Distribution (€14.16 billion), Road Transportation and Related Distribution (€6.84 billion), and Specialty Businesses and Related Distribution (€6.74 billion).

Dividend Yield: 3.8%

Compagnie Générale des Établissements Michelin Société en commandite par actions has a mixed dividend profile. Despite a reasonable payout ratio of 50.2% and strong cash flow coverage at 32.6%, its dividend payments have been volatile over the past decade, with occasional drops exceeding 20%. Recent earnings showed a slight decline, with H1 2024 net income at €1.16 billion compared to €1.22 billion last year, which may impact future payouts despite ongoing strategic investments in biotechnology ventures like the Biotech Open Platform.

• Get an in-depth perspective on Compagnie Générale des Établissements Michelin Société en commandite par actions' performance by reading our dividend report here.

• According our valuation report, there's an indication that Compagnie Générale des Établissements Michelin Société en commandite par actions' share price might be on the expensive side.

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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.

Companies discussed in this article include ENXTPA:AKE ENXTPA:GTT and ENXTPA:ML.

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