Why It Might Not Make Sense To Buy AVE Science&Technology CO.,LTD (SHSE:688067) For Its Upcoming Dividend
Why It Might Not Make Sense To Buy AVE Science&Technology CO.,LTD (SHSE:688067) For Its Upcoming Dividend
It looks like AVE Science&Technology CO.,LTD (SHSE:688067) is about to go ex-dividend in the next 3 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible 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. In other words, investors can purchase AVE Science&TechnologyLTD's shares before the 14th of July in order to be eligible for the dividend, which will be paid on the 14th of July.
看起来像是安维科技有限公司(上海证券交易所股票代码:688067)将在未来3天内除息。通常,除息日期是记录日期之前的一个工作日,记录日期是公司确定有资格获得股息的股东的日期。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。换句话说,投资者可以在7月14日之前购买AVE科技有限公司的股票,以便有资格获得将于7月14日支付的股息。
The company's next dividend payment will be CN¥0.10 per share, on the back of last year when the company paid a total of CN¥0.10 to shareholders. Last year's total dividend payments show that AVE Science&TechnologyLTD has a trailing yield of 0.5% on the current share price of CN¥21.83. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether AVE Science&TechnologyLTD has been able to grow its dividends, or if the dividend might be cut.
该公司下一次派息将为每股0.10加元,而去年公司向股东支付的股息总额为0.10加元。去年的股息支付总额显示,Ave Science&Technology Ltd的往绩收益率为0.5%,目前股价为21.83元。对许多股东来说,股息是一个重要的收入来源,但企业的健康状况对维持这些股息至关重要。因此,读者应该经常查看Ave Science&Technology Ltd是否能够增加股息,或者股息是否可能被削减。
See our latest analysis for AVE Science&TechnologyLTD
查看我们对AVE科技有限公司的最新分析
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. That's why it's good to see AVE Science&TechnologyLTD paying out a modest 50% of its earnings. 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. Over the last year, it paid out dividends equivalent to 323% of what it generated in free cash flow, a disturbingly high percentage. It's pretty hard to pay out more than you earn, so we wonder how AVE Science&TechnologyLTD intends to continue funding this dividend, or if it could be forced to cut the payment.
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。这就是为什么看到Ave Science&Technology Ltd只支付其收益的50%是件好事。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。去年,它支付的股息相当于其产生的自由现金流的323%,这一比例高得令人不安。很难支付比你赚得更多的钱,所以我们想知道Ave Science&Technology Ltd打算如何继续为这笔股息提供资金,或者它是否可能被迫削减支付。
While AVE Science&TechnologyLTD's dividends were covered by the company's reported profits, cash is somewhat more important, so it's not great to see that the company didn't generate enough cash to pay its dividend. Cash is king, as they say, and were AVE Science&TechnologyLTD to repeatedly pay dividends that aren't well covered by cashflow, we would consider this a warning sign.
虽然Ave Science&Technology Ltd的股息是由该公司公布的利润支付的,但现金在某种程度上更重要,所以看到该公司没有产生足够的现金来支付股息并不是一件好事。正如他们所说,现金为王,如果Ave Science&Technology Ltd反复支付现金流无法很好覆盖的股息,我们会认为这是一个警告信号。
Click here to see how much of its profit AVE Science&TechnologyLTD paid out over the last 12 months.
点击这里查看Ave Science&Technology Ltd在过去12个月中支付了多少利润。
![historic-dividend](https://usnewsfile.moomoo.com/pic/0-a367497bf3d667a4fb53f472717cbc98-0-e3732f42ca07a9a21352adbd3e3d22c4.png/big)
Have Earnings And Dividends Been Growing?
盈利和股息一直在增长吗?
Companies with falling earnings are riskier for dividend shareholders. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. With that in mind, we're discomforted by AVE Science&TechnologyLTD's 17% per annum decline in earnings in the past five years. Ultimately, when earnings per share decline, the size of the pie from which dividends can be paid, shrinks.
盈利下降的公司对股息股东来说风险更大。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。考虑到这一点,我们对AVE科技有限公司在过去五年中收益以每年17%的速度下降感到不安。最终,当每股收益下降时,可以支付股息的蛋糕的规模就会缩小。
Given that AVE Science&TechnologyLTD has only been paying a dividend for a year, there's not much of a past history to draw insight from.
考虑到Ave Science&TechnologyLtd只派发了一年的股息,没有多少过去的历史可以借鉴。
The Bottom Line
底线
Is AVE Science&TechnologyLTD worth buying for its dividend? It's disappointing to see earnings per share declining, and this would ordinarily be enough to discourage us from most dividend stocks, even though AVE Science&TechnologyLTD is paying out less than half its income as dividends. However, it's also paying out an uncomfortably high percentage of its cash flow, which makes us wonder just how sustainable the dividend really is. With the way things are shaping up from a dividend perspective, we'd be inclined to steer clear of AVE Science&TechnologyLTD.
Ave Science&Technology Ltd值得为其派息而收购吗?看到每股收益下降是令人失望的,这通常足以让我们对大多数股息股望而却步,尽管Ave Science&Technology Ltd支付的股息不到其收入的一半。然而,它也支付了令人不安的高现金流,这让我们怀疑股息到底有多可持续。从分红的角度来看,事情正在发展,我们倾向于避开Ave Science&Technology Ltd.。
Although, if you're still interested in AVE Science&TechnologyLTD and want to know more, you'll find it very useful to know what risks this stock faces. For instance, we've identified 3 warning signs for AVE Science&TechnologyLTD (1 is a bit concerning) you should be aware of.
不过,如果你仍然对Ave Science&Technology Ltd感兴趣并想了解更多,你会发现了解这只股票面临的风险是非常有用的。例如,我们已经确定AVE科技有限公司的3个警告标志(1有点令人担忧)你应该知道。
A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks.
一个常见的投资错误是购买你看到的第一只有趣的股票。在这里你可以找到高收益股息股的完整名单。
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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。