CPFL Energia (BSP:CPFE3) Dividend Payout Ratio: 3.05 (As of Jun. 2026) — 455% Above Median

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BSP:CPFE3 CPFL Energia SA BSP:CPFE3
77 GF Score
Price R$44.80
GF Value R$39.11
Valuation Modestly Overvalued
! 3 Warning Signs
View Full Analysis

What is CPFL Energia Dividend Payout Ratio?

CPFL Energia BSP:CPFE3 +1.68% 77 Dividend Payout Ratio is 3.05 as of Jun. 2026, which is 455% above its 10-year median of 0.55. GuruFocus rates BSP:CPFE3 with a GF Score™ of 77/100 and a GF Value™ of R$39.11 (Modestly Overvalued). The stock has 3 warning signs investors should review. Among 374 Utilities - Regulated companies, CPFL Energia ranks worse than 73.8% on this metric.

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period. CPFL Energia's Dividend Payout Ratio for the months ended in Jun. 2026 was 3.05.

The historical rank and industry rank for CPFL Energia's Dividend Payout Ratio or its related term are showing as below:

BSP:CPFE3' s Dividend Payout Ratio Range Over the Past 10 Years
Min: 0.13   Med: 0.55   Max: 0.88
Current: 0.7

During the past 13 years, the highest Dividend Payout Ratio of CPFL Energia was 0.88. The lowest was 0.13. And the median was 0.55.

BSP:CPFE3's Dividend Payout Ratio is ranked worse than
73.8% of 374 companies
in the Utilities - Regulated industry
Industry Median: 0.535 vs BSP:CPFE3: 0.70

As of today (2026-08-30), the Dividend Yield % of CPFL Energia is 8.33%.

During the past 13 years, the highest Trailing Annual Dividend Yield of CPFL Energia was 17.39%. The lowest was 0.79%. And the median was 6.12%.

CPFL Energia's Dividends per Share for the months ended in Jun. 2026 was R$3.73.

During the past 12 months, CPFL Energia's average Dividends Per Share Growth Rate was 33.60% per year. During the past 3 years, the average Dividends Per Share Growth Rate was -4.80% per year. During the past 5 years, the average Dividends Per Share Growth Rate was 3.50% per year.

During the past 13 years, the highest 3-Year average Dividends Per Share Growth Rate of CPFL Energia was 137.90% per year. The lowest was -39.30% per year. And the median was -2.30% per year.

The growth rate is calculated with least square regression.

For more information regarding to dividend, please check our Dividend Page.

* Please note that "special dividend" is not included in the calculation of dividend per share and related fields.

CPFL Energia (BSP:CPFE3) Dividend Payout Ratio Explanation

In dividends investing, Dividend Payout Ratio and Dividend Growth Rate are the two most important variables for consideration. A lower payout ratio may indicate that the company has more room to increase its dividends.

CPFL Energia Dividend Payout Ratio Related Terms

CPFL Energia Dividend Payout Ratio Historical Data

* Premium members only.

The historical data trend for CPFL Energia's Dividend Payout Ratio can be seen below:

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

CPFL Energia Dividend Payout Ratio Chart

CPFL Energia Annual Data
Trend Dec16 Dec17 Dec18 Dec19 Dec20 Dec21 Dec22 Dec23 Dec24 Dec25
Dividend Payout Ratio
Get a 7-Day Free Trial Premium Member Only Premium Member Only 0.88 0.78 0.59 0.56 0.57

CPFL Energia Quarterly Data
Sep21 Dec21 Mar22 Jun22 Sep22 Dec22 Mar23 Jun23 Sep23 Dec23 Mar24 Jun24 Sep24 Dec24 Mar25 Jun25 Sep25 Dec25 Mar26 Jun26
Dividend Payout Ratio Get a 7-Day Free Trial Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only Premium Member Only 2.64 0.00 0.00 0.00 3.05

BSP:CPFE3 vs NEE, SO, DUK: Dividend Payout Ratio Comparison

For the Utilities - Regulated Electric subindustry, CPFL Energia's Dividend Payout Ratio, along with its competitors' market caps and Dividend Payout Ratio data, can be viewed below:

* Competitive companies are chosen from companies within the same industry, with headquarter located in same country, with closest market capitalization; x-axis shows the market cap, and y-axis shows the term value; the bigger the dot, the larger the market cap. Note that "N/A" values will not show up in the chart.

CPFL Energia Dividend Payout Ratio vs Utilities - Regulated Industry

For the Utilities - Regulated industry and Utilities sector, CPFL Energia's Dividend Payout Ratio distribution charts can be found below:

* The bar in red indicates where CPFL Energia's Dividend Payout Ratio falls into.


BSP:CPFE3
77GF Score
CPFL Energia SA BSP:CPFE3
Dividend Payout Ratio is just one metric. See GF Score™, valuation, warning signs, and more.
View Full Analysis

CPFL Energia Dividend Payout Ratio Calculation

The Dividend Payout Ratio is the measure of dividends paid out to shareholders relative to the company's net income. It is calculated as the Dividends per Share divided by the Earnings per Share (Diluted) during the same time period.

CPFL Energia's Dividend Payout Ratio for the fiscal year that ended in Dec. 2025 is calculated as

Dividend Payout Ratio=Dividends per Share (A: Dec. 2025 )/ EPS without NRI (A: Dec. 2025 )
=2.794/ 4.931
=0.57

CPFL Energia's Dividend Payout Ratio for the quarter that ended in Jun. 2026 is calculated as

Dividend Payout Ratio=Dividends per Share (Q: Jun. 2026 )/ EPS without NRI (Q: Jun. 2026 )
=3.732/ 1.222
=3.05

* For Operating Data section: All numbers are indicated by the unit behind each term and all currency related amount are in USD.
* For other sections: All numbers are in millions except for per share data, ratio, and percentage. All currency related amount are indicated in the company's associated stock exchange currency.

Frequently Asked Questions Learn more about Dividend Payout Ratio →
What does a Dividend Payout Ratio of 3.05 mean?
CPFL Energia (BSP:CPFE3) has a Dividend Payout Ratio of 3.05 as of Jun. 2026. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on CPFL Energia and its competitors. This is 455% above median its historical median of 0.55. Over the past decade, CPFL Energia's Dividend Payout Ratio has ranged from 0.13 to 0.88. According to the industry distribution chart, CPFL Energia ranks #276 out of 374 companies in the Utilities - Regulated industry, placing it in the top 73.8%.
Is CPFL Energia's Dividend Payout Ratio too high?
CPFL Energia's current Dividend Payout Ratio of 3.05 is 455% above median its 10-year median of 0.55. Over the past 10 years, this metric has ranged from a low of 0.13 to a high of 0.88. The Utilities - Regulated industry median Dividend Payout Ratio is 0.54. CPFL Energia's value of 3.05 is 470.1% above this industry median. Based on the distribution chart, CPFL Energia ranks #276 out of 374 companies in the Utilities - Regulated industry, which is below the industry midpoint. Overall, CPFL Energia has a GF Score™ of 77/100 and is considered Modestly Overvalued, reflecting its overall financial health beyond just this single metric.
How does CPFL Energia's Dividend Payout Ratio compare to NEE and SO?
According to the Utilities - Regulated industry distribution chart, CPFL Energia ranks #276 out of 374 companies for Dividend Payout Ratio. This places CPFL Energia in the lower half of its industry. The industry median Dividend Payout Ratio is 0.54. CPFL Energia's value of 3.05 is 470.1% above this benchmark. Historically, CPFL Energia's own Dividend Payout Ratio has ranged from 0.13 to 0.88 over the past decade. While the company's 10-year median is 0.55 vs. the industry median of 0.54, CPFL Energia has consistently been above the industry average. See the competitive comparison table and distribution chart on this page for a detailed peer-by-peer breakdown.
What is a good Dividend Payout Ratio for an Utilities - Regulated company?
The median Dividend Payout Ratio among Utilities - Regulated companies is 0.54, based on 374 companies in the industry. Companies in the top quartile (top 25%) have a Dividend Payout Ratio significantly above this median, while those in the bottom quartile fall well below. However, Dividend Payout Ratio should not be evaluated in isolation — investors should consider it alongside profitability, growth, and financial strength metrics. CPFL Energia's current Dividend Payout Ratio of 3.05 is 470.1% above the industry median. Use the industry distribution chart on this page to see where any company falls relative to its peers.
What does a high Dividend Payout Ratio mean?
A high Dividend Payout Ratio can signal that a stock is expensive relative to its fundamentals. Dividend payout ratio is the percent of company earnings paid out as dividends. View historical data on CPFL Energia and its competitors. For the Utilities - Regulated industry, the median Dividend Payout Ratio is 0.54 — values significantly above this may indicate overvaluation, while values below may suggest a bargain or underlying issues. CPFL Energia's current Dividend Payout Ratio is 3.05, which is 455% above median its own 10-year median of 0.55. However, context matters — high-growth companies often justify higher valuations. Always evaluate alongside other metrics like GF Score™ and GF Value™.
Is CPFL Energia stock overvalued right now?
Based on GuruFocus' analysis, CPFL Energia (BSP:CPFE3) is currently considered Modestly Overvalued. The stock's GF Value™ is R$39.11, compared to a current price of R$44.80 — trading 14.5% above its estimated fair value. The current Dividend Payout Ratio is 3.05, which is 455% above median its 10-year median of 0.55 and 470.1% above the Utilities - Regulated industry median of 0.54. CPFL Energia's overall GF Score™ is 77/100 with 3 warning signs to review. Investors should evaluate multiple metrics — including profitability, growth, and financial strength — before making a decision.
How is Dividend Payout Ratio calculated?
Dividend Payout Ratio is calculated from a company's financial statements. For CPFL Energia (BSP:CPFE3), the current Dividend Payout Ratio is 3.05 as of Jun. 2026. GuruFocus calculates this using data sourced from SEC filings and annual reports. See the calculation section and 30-year financial data on this page for the full breakdown.

Is CPFL Energia (BSP:CPFE3) Overvalued in 2026?

Based on GuruFocus' analysis, CPFL Energia stock appears to be overvalued. The current stock price of R$44.80 is trading 14.5% above its estimated GF Value™ of R$39.11. GuruFocus considers CPFL Energia to be Modestly Overvalued.

Key valuation signals for BSP:CPFE3:

  • Dividend Payout Ratio: 3.05 (455% above median its 10-year median of 0.55)
  • GF Value™: R$39.11 vs. price of R$44.80 (14.5% above fair value)
  • GF Score™: 77/100 with 3 warning signs
  • Industry Position: 470.1% above the Utilities - Regulated median (#276 of 374)

No single metric tells the full story. See the BSP:CPFE3 stock analysis page for a complete view including 30-year financials, guru trades, and insider activity.

CPFL Energia Business Description

Address Rua Jorge Figueiredo Correa, No. 1632, Jardim Professora Tarcilia, Campinas, Sao Paulo, SP, BRA, 13087-397
CPFL Energia SA operates as a holding company. Along with its subsidiaries, the company is engaged in distribution, generation, transmission and commercialization activities of electric energy in Brazil. It also provides energy-related services through its solutions division, including energy management and trading, energy efficiency services, distributed generation, energy infrastructure development, and consulting services. The company's operating segments are (i) electric energy distribution activities, (ii) electric energy generation, (iii) electric energy transmission, (iv) energy commercialization, (v) service activities, and (vi) other activities not listed in the previous items. The majority of the company's revenue is derived from the electric energy distribution segment.
77GF Score

Get the complete analysis for BSP:CPFE3

Dividend Payout Ratio is just one metric. See GF Value™, 30-year financials, guru trades, warning signs, and more.

R$44.80
Price
R$39.11
GF Value