I'm a shareholder in GlaxoSmithKline as I liked the future prospects.
However, I'm going back through the fundamentals and the dividend payout ratio is 1,372.55% which I'm not sure how to interpret. Through my readings, I can recall that anything above 70% should be seen as a warning sign. It seems to indicate that they're clearly paying out far more to shareholders than they should.
Furthermore, if they're paying out more in dividends than earnings then surely they'd be losing money, yielding a negative PE which isn't the case (P/E: 89).
What do you think? A sell sign?
Edit after farnsy's comment: http://finance.yahoo.com/quote/GSK/key-statistics?p=GSK