Readers hoping to buy Noel Gifts International Ltd (SGX:543) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. In other words, investors can purchase Noel Gifts International's shares before the 1st of November in order to be eligible for the dividend, which will be paid on the 9th of November.
The company's upcoming dividend is S$0.015 a share, following on from the last 12 months, when the company distributed a total of S$0.015 per share to shareholders. Looking at the last 12 months of distributions, Noel Gifts International has a trailing yield of approximately 7.0% on its current stock price of SGD0.215. If you buy this business for its dividend, you should have an idea of whether Noel Gifts International's dividend is reliable and sustainable. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
Check out our latest analysis for Noel Gifts International
Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. Noel Gifts International is paying out just 11% of its profit after tax, which is comfortably low and leaves plenty of breathing room in the case of adverse events. Yet cash flow is typically more important than profit for assessing dividend sustainability, so we should always check if the company generated enough cash to afford its dividend. Luckily it paid out just 19% of its free cash flow last year.
It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously.
Click here to see how much of its profit Noel Gifts International paid out over the last 12 months.
![historic-dividend](https://usnewsfile.futunn.com/pic/0-16096854-0-5723ce22fd3de236ebb96419f0adac02.png/big)
SGX:543 Historic Dividend October 27th 2022
Have Earnings And Dividends Been Growing?
Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. If earnings fall far enough, the company could be forced to cut its dividend. Fortunately for readers, Noel Gifts International's earnings per share have been growing at 16% a year for the past five years. Earnings per share have been growing rapidly and the company is retaining a majority of its earnings within the business. This will make it easier to fund future growth efforts and we think this is an attractive combination - plus the dividend can always be increased later.
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Noel Gifts International has delivered an average of 1.4% per year annual increase in its dividend, based on the past 10 years of dividend payments. Earnings per share have been growing much quicker than dividends, potentially because Noel Gifts International is keeping back more of its profits to grow the business.
The Bottom Line
Has Noel Gifts International got what it takes to maintain its dividend payments? Noel Gifts International has grown its earnings per share while simultaneously reinvesting in the business. Unfortunately it's cut the dividend at least once in the past 10 years, but the conservative payout ratio makes the current dividend look sustainable. Overall we think this is an attractive combination and worthy of further research.
In light of that, while Noel Gifts International has an appealing dividend, it's worth knowing the risks involved with this stock. We've identified 5 warning signs with Noel Gifts International (at least 2 which shouldn't be ignored), and understanding these should be part of your investment process.
Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers.
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This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
希望购买的读者 诺埃尔礼品国际有限公司 (SGX: 543) 的股息将需要在短期内采取行动,因为该股即将进行除息交易。除息日是记录日期之前的一个工作日,记录日期是股东出现在公司账簿上才有资格获得股息支付的截止日期。除息日之所以重要,是因为每当买入或卖出股票时,交易至少需要两个工作日才能结算。换句话说,投资者可以在11月1日之前购买Noel Gifts International的股票,才有资格获得股息,股息将在11月9日支付。
该公司即将派发的股息为每股0.015新元,这是继过去12个月之后的,当时该公司向股东共分配了每股0.015新元。纵观过去12个月的分配,Noel Gifts International的追踪收益率约为7.0%,其目前的股价为0.215新加坡元。如果你收购这家企业以获得分红,你应该知道Noel Gifts International的股息是否可靠和可持续。这就是为什么我们应该经常检查股息支付是否可持续,以及公司是否在增长。
看看我们对 Noel Gifts International 的最新分析
股息通常从公司收益中支付。如果一家公司支付的股息多于赚取的利润,那么股息可能是不可持续的。Noel Gifts International仅支付了其税后利润的11%,这相当低,在发生不良事件时留出了充足的喘息空间。然而,在评估股息可持续性方面,现金流通常比利润更重要,因此我们应始终检查公司产生的现金是否足以支付股息。幸运的是,去年它只支付了自由现金流的19%。
令人鼓舞的是,股息由利润和现金流共同支付。这通常表明,只要收益不急剧下降,股息是可持续的。
点击此处查看Noel Gifts International在过去12个月中支付了多少利润。
![historic-dividend](https://usnewsfile.futunn.com/pic/0-16096854-0-5723ce22fd3de236ebb96419f0adac02.png/big)
新加坡证券交易所:543 历史股息 2022 年 10 月 27 日
收益和股息一直在增长吗?
每股收益持续增长的公司通常是最好的股息股票,因为他们通常会发现增加每股股息更容易。如果收益下降得足够多,该公司可能被迫削减股息。对于读者来说,幸运的是,Noel Gifts International的每股收益在过去五年中一直以每年16%的速度增长。每股收益一直在迅速增长,该公司将其大部分收益保留在业务中。这将使为未来的增长工作提供资金变得更加容易,我们认为这是一个有吸引力的组合——而且以后可以随时增加股息。
许多投资者会通过评估一段时间内股息支付的变化来评估公司的股息表现。根据过去10年的股息支付,Noel Gifts International的股息平均每年增长1.4%。每股收益的增长速度比股息快得多,这可能是因为Noel Gifts International为了发展业务而保留了更多的利润。
底线
Noel Gifts International 有能力维持股息支付吗?Noel Gifts International提高了每股收益,同时对该业务进行了再投资。不幸的是,它在过去10年中至少削减过一次股息,但保守的派息率使当前的股息看起来可持续。总的来说,我们认为这是一个有吸引力的组合,值得进一步研究。
有鉴于此,尽管Noel Gifts International的股息很有吸引力,但值得了解这只股票所涉及的风险。 我们已经确定了 5 个警告信号 在 Noel Gifts International(至少 2 个,不容忽视),了解这些应该是你投资过程的一部分。
通常,我们不建议只买入你看到的第一只股息股票。这里是 一份精选的股息支付强劲的有趣股票清单。
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Simply Wall St 的这篇文章本质上是一般性的。 我们仅使用不偏不倚的方法根据历史数据和分析师预测提供评论,我们的文章并非旨在提供财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能未将最新的价格敏感型公司公告或定性材料考虑在内。简而言之,华尔街对上述任何股票都没有头寸。