How Much Has Roche Paid In Dividends Over The Last Five Years?
While Roche’s (NASDAQ:RHHBY) reported net income has declined over the last few years, its overall dividends payment (in dollar terms) have accelerated. We have created an interactive dashboard on how Roche’s dividend payments and payout ratio have trended over the last few years, and also included the expected dividend payout over the next few years. You can adjust the expected payout ratio to see the impact on dividends.
Our price estimate of $36 for Roche implies a premium of around 20% to the market.
Roche has paid an average of 70% of its Net Income to shareholders. The figure has been more or less around $7 billion over the last five years, despite a decline in reported net income.
Looking at the payout ratio, the figure has increased from 70% in 2014 to 80% in 2017. This can primarily be attributed to a constant dividend payout of around $7 billion while the reported net income declined in 2017. Dividend Per Share has declined from $1.04 in 2014 to $1.02 in 2017. Note that this decline reflects the currency conversion from CHF to USD.
We expect the dividend payout ratio to decline to 60% over the next few years. However, the dividend payout in dollar terms will likely increase towards $8 billion. This can be attributed to higher net income the company is expected to generate in the coming years. Note that you can adjust the payout ratio and net income estimates to arrive at your own results.
Dividend per share will likely increase from $1.02 in 2017 to $1.19 over the next few years. Note that this estimate also takes into account minor declines in the no. of shares outstanding.
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