COSTCO
SUCCESSIVE
DIVIDENDS
EARNINGS
CASH FLOW
YEARS
PER SHARE
PAYOUT
(YR)
(DPS)
(EPS)
EPR
(CFPS)
CFPR
2011
$0.88
$3.30
0.27
$7.22
0.12
2012
$1.38
$3.89
0.36
$6.96
0.20
2013
$8.07
$4.63
1.75
$7.79
1.04
2014
$1.32
$4.65
0.28
$8.81
0.15
2015
$6.47
$5.37
1.21
$9.67
0.67
2016
$1.69
$5.33
0.32
$7.46
0.23
2017
$8.85
$6.08
1.46
$15.25
0.58
2018
$1.56
$7.09
0.22
$13.06
2019
$2.34
$8.26
$14.35
0.16
2020
$3.33
$9.02
0.37
$19.95
0.17
Using the above table, is there any correlation between (a) dividends and cash flows AND (b) dividends and earnings. Can you say which of the two that dividend is more dependent on?
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