Should Income Investors Look At Perennial International Limited (HKG:725) Before Its Ex-Dividend?
Should Income Investors Look At Perennial International Limited (HKG:725) Before Its Ex-Dividend?
It looks like Perennial International Limited (HKG:725) is about to go ex-dividend in the next 4 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Accordingly, Perennial International investors that purchase the stock on or after the 29th of May will not receive the dividend, which will be paid on the 14th of June.
看起来像是常年国际有限公司(HKG:725)将在未来4天内除息。除息日期是公司记录日期的前一个工作日,也就是公司决定哪些股东有权获得股息的日期。重要的是要知道除息日期,因为股票的任何交易都需要在记录日期或之前结算。因此,在5月29日或之后购买该股票的常年国际投资者将不会收到股息,股息将于6月14日支付。
The company's next dividend payment will be HK$0.03 per share. Last year, in total, the company distributed HK$0.03 to shareholders. Calculating the last year's worth of payments shows that Perennial International has a trailing yield of 4.7% on the current share price of HK$0.64. If you buy this business for its dividend, you should have an idea of whether Perennial International's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing.
该公司下一次派息将为每股0.03港元。去年,该公司总共向股东派发了0.03港元。计算过去一年的支付价值显示,以目前0.64港元的股价计算,常年国际的往绩收益率为4.7%。如果你为了分红而收购这项业务,你应该知道常年国际的分红是否可靠和可持续。我们需要看看股息是否由收益覆盖,以及是否在增长。
Check out our latest analysis for Perennial International
请查看我们对常年国际的最新分析
Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Fortunately Perennial International's payout ratio is modest, at just 38% of profit. 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. It paid out 6.8% of its free cash flow as dividends last year, which is conservatively low.
股息通常从公司收入中支付,因此,如果一家公司支付的股息超过了它的收入,它的股息通常被削减的风险更高。幸运的是,常年国际的派息率并不高,仅占利润的38%。然而,在评估股息可持续性时,现金流通常比利润更重要,因此我们应该始终检查公司是否产生了足够的现金来支付股息。它去年支付了6.8%的自由现金流作为股息,这是保守的低水平。
It's positive to see that Perennial International's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut.
看到Perear International的股息同时由利润和现金流覆盖是积极的,因为这通常是股息可持续的迹象,较低的派息率通常意味着在股息削减之前有更大的安全边际。
Click here to see how much of its profit Perennial International paid out over the last 12 months.
点击这里,看看在过去的12个月里,常年国际公司支付了多少利润。
![historic-dividend](https://usnewsfile.moomoo.com/pic/0-a1dc7198b4370d687458bdb52d81722e-0-2efca2362affea52a25a98433fbc5734.png/big)
Have Earnings And Dividends Been Growing?
盈利和股息一直在增长吗?
When earnings decline, dividend companies become much harder to analyse and own safely. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. That's why it's not ideal to see Perennial International's earnings per share have been shrinking at 3.8% a year over the previous five years.
当收益下降时,股利公司就更难分析和安全持有了。如果收益下降,该公司被迫削减股息,投资者可能会眼睁睁地看着他们的投资价值化为乌有。这就是为什么看到常年国际的每股收益在过去五年里以每年3.8%的速度缩水是不理想的。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. It looks like the Perennial International dividends are largely the same as they were 10 years ago. When earnings are declining yet the dividends are flat, typically the company is either paying out a higher portion of its earnings, or paying out of cash or debt on the balance sheet, neither of which is ideal.
衡量一家公司股息前景的另一个关键方法是衡量其历史股息增长率。看起来,常年派发的国际股息与10年前基本相同。当盈利下降但股息持平时,通常情况下,公司要么支付更高比例的收益,要么支付资产负债表上的现金或债务,这两种情况都不理想。
The Bottom Line
底线
Has Perennial International got what it takes to maintain its dividend payments? Perennial International has comfortably low cash and profit payout ratios, which may mean the dividend is sustainable even in the face of a sharp decline in earnings per share. Still, we consider declining earnings to be a warning sign. It might be worth researching if the company is reinvesting in growth projects that could grow earnings and dividends in the future, but for now we're not all that optimistic on its dividend prospects.
常年国际是否获得了维持其股息支付所需的资金?常年国际的现金和利润支付率相当低,这可能意味着即使在每股收益大幅下降的情况下,股息也是可持续的。尽管如此,我们认为盈利下降是一个警告信号。如果该公司正在对未来可能增加收益和股息的增长项目进行再投资,这可能是值得研究的,但目前我们对其股息前景并不乐观。
On that note, you'll want to research what risks Perennial International is facing. For example - Perennial International has 2 warning signs we think you should be aware of.
在这一点上,你会想要研究常年国际面临的风险。例如-常年国际有2个警告标志我们认为你应该意识到。
If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.
如果您正在寻找强大的股息支付者,我们建议查看我们精选的顶级股利股票。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。