Qiwi Plc : QIWI-US: Dividend Analysis : August 29th, 2017 (record date) : By the numbers : September 21, 2017

Our analysis is based on comparing Qiwi Plc with the following peers – EVERTEC, Inc., Euronet Worldwide, Inc., Mobile TeleSystems PJSC Sponsored ADR, Western Union Company, eBay Inc., Visa Inc. Class A and VEON Ltd. Sponsored ADR (EVTC-US, EEFT-US, MBT-US, WU-US, EBAY-US, V-US and VEON-US).

Qiwi Plc’s dividend yield is 4.52 percent and its dividend payout is 112.68 percent. This compares to a peer median dividend yield of 3.61 percent and a payout level of 37.74 percent. This type of dividend performance might make it a good stock for dividend investors. In addition, the company’s relatively good dividend quality score of 100 out of a possible score of 100 points to some sustainability of its robust payout ratio, and underscores its attractiveness for dividend investors seeking current income.

Dividend Yield
Dividend Quality Score

Dividend Quality Overview

  • Over the last twelve months (prior to March 31, 2017), QIWI-US paid a high quality dividend, which represents a yield of 4.58% at the current price.
  • Dividends paid during each of the last five years were consistently of high quality.
  • The ending cash balance, with a dividend coverage of 4.92x, provides a substantial cushion in case of a significant reduction of cash flows in the future.
Dividend Quality Score Vs Dividend Yield

Quadrant label definitions. Hover to know more

High Score;High Yield, High Score;Low Yield, Low Score;Low Yield, Low Score;High Yield

Dividend Coverage

Over the last twelve months (prior to March 31, 2017), QIWI-US paid a high quality dividend.

The source of the company’s cash to support the dividend paid over the last twelve months is operating cash flow (coverage of 1.56x), investing cash flow (coverage of -0.45x), issuance cash flow (coverage of 0.36x) and twelve-month prior cash (coverage of 3.22x), for a total dividend coverage of 5.56x.

QIWI-US’s issuance cash flow includes outflows from net debt repayment (coverage of -0.05x).

Dividend Coverage by Cash Flow (TTM)

These coverage ratio factors imply that the firm’s dividends are wholly paid from operating and investing cash flows net of any debt repayments, which suggests a high dividend quality.

Dividend History

Item 2012-12-31 2013-12-31 2014-12-31 2015-12-31 2016-12-31 Latest
Dividend Yield (%) N/A 4.56 10.61 1.41 12.18 4.52
Dividend Payout (%) N/A 103.02 44.92 47.45 122.98 112.68

A complete list of metrics and analysis is available on the company page.

Company Profile

Qiwi Plc provides payment services through physical, online, and mobile channels. Its consumers can use cash, stored value and other electronic payment methods to order and pay for goods and services across physical or online environments interchangeably. The company was founded on February 26, 2007 and is headquartered in Nicosia, Cyprus.

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