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Should Income Investors Look At Element Solutions Inc (NYSE:ESI) Before Its Ex-Dividend?

Should Income Investors Look At Element Solutions Inc (NYSE:ESI) Before Its Ex-Dividend?

收益投资者是否应该在除息前考虑Element Solutions Inc(纽约证券交易所代码:ESI)?
Simply Wall St ·  2023/11/26 20:18

Readers hoping to buy Element Solutions Inc (NYSE:ESI) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. 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. 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. Thus, you can purchase Element Solutions' shares before the 30th of November in order to receive the dividend, which the company will pay on the 15th of December.

希望收购Element Solutions Inc(纽约证券交易所代码:ESI)进行分红的读者需要尽快采取行动,因为该股即将进行除息交易。通常,除息日是记录日期前一个工作日,即公司确定有资格获得股息的股东的日期。除息日之所以如此,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。因此,您可以在11月30日之前购买Element Solutions的股票以获得股息,该公司将在12月15日支付股息。

The company's next dividend payment will be US$0.08 per share, and in the last 12 months, the company paid a total of US$0.32 per share. Calculating the last year's worth of payments shows that Element Solutions has a trailing yield of 1.6% on the current share price of $20.61. If you buy this business for its dividend, you should have an idea of whether Element Solutions's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing.

该公司的下一次股息将为每股0.08美元,在过去的12个月中,该公司共支付了每股0.32美元。计算去年的付款额表明,元素解决方案的尾随收益率为1.6%,而目前的股价为20.61美元。如果你收购这家企业是为了分红,你应该知道Element Solutions的股息是否可靠和可持续。我们需要看看股息是否由收益支付,以及股息是否在增长。

View our latest analysis for Element Solutions

查看我们对元素解决方案的最新分析

If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Element Solutions distributed an unsustainably high 152% of its profit as dividends to shareholders last year. Without more sustainable payment behaviour, the dividend looks precarious. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. Fortunately, it paid out only 28% of its free cash flow in the past year.

如果一家公司支付的股息超过其收入,那么股息可能会变得不可持续,这并不是一个理想的情况。去年,Element Solutions将其利润的152%作为股息分配给股东,这是不可持续的。如果没有更可持续的支付行为,分红就会显得不稳定。话虽如此,即使是高利润的公司有时也可能无法产生足够的现金来支付股息,这就是为什么我们应该始终检查股息是否由现金流支付。幸运的是,在过去的一年中,它仅支付了自由现金流的28%。

It's disappointing to see that the dividend was not covered by profits, but cash is more important from a dividend sustainability perspective, and Element Solutions fortunately did generate enough cash to fund its dividend. Still, if the company repeatedly paid a dividend greater than its profits, we'd be concerned. Extraordinarily few companies are capable of persistently paying a dividend that is greater than their profits.

令人失望的是,股息没有被利润所支付,但从股息可持续性的角度来看,现金更为重要,幸运的是,Element Solutions确实产生了足够的现金来为其分红提供资金。尽管如此,如果该公司一再支付高于其利润的股息,我们会感到担忧。能够持续支付高于利润的股息的公司极少。

Click here to see the company's payout ratio, plus analyst estimates of its future dividends.

点击此处查看该公司的派息率,以及分析师对其未来分红的估计。

historic-dividend
NYSE:ESI Historic Dividend November 26th 2023
纽约证券交易所:ESI 2023 年 11 月 26 日历史股息

Have Earnings And Dividends Been Growing?

收益和股息一直在增长吗?

Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. 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 comforting to see Element Solutions's earnings have been skyrocketing, up 39% per annum for the past five years.

增长前景强劲的企业通常是最佳的股息支付者,因为当每股收益改善时,更容易增加股息。如果收益下降而公司被迫削减股息,投资者可能会看到他们的投资价值化为乌有。这就是为什么令人欣慰的是,Element Solutions的收益一直在飞涨,在过去五年中每年增长39%。

Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Element Solutions has delivered an average of 17% per year annual increase in its dividend, based on the past three years of dividend payments. It's great to see earnings per share growing rapidly over several years, and dividends per share growing right along with it.

许多投资者将通过评估股息支付在一段时间内发生了多大变化来评估公司的股息表现。根据过去三年的股息支付,Element Solutions的股息平均每年增长17%。很高兴看到每股收益在几年内迅速增长,每股股息也随之增长。

To Sum It Up

总结一下

Has Element Solutions got what it takes to maintain its dividend payments? It's good to see earnings per share growing and low cashflow payout ratio, although we're uncomfortable with Element Solutions's paying out such a high percentage of its profit. Overall, it's not a bad combination, but we feel that there are likely more attractive dividend prospects out there.

Element Solutions有维持股息支付所需的条件吗?尽管我们对Element Solutions支付如此高的利润百分比感到不舒服,但看到每股收益增长和低现金流支付率还是不错的。总体而言,这是一个不错的组合,但我们认为可能有更具吸引力的股息前景。

With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. To help with this, we've discovered 3 warning signs for Element Solutions (1 is potentially serious!) that you ought to be aware of before buying the shares.

考虑到这一点,彻底的股票研究的关键部分是意识到股票目前面临的任何风险。为了帮助解决这个问题,我们发现了 Element Solutions 的 3 个警告信号(1 个可能很严重!)在购买股票之前,你应该意识到这一点。

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买入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票的完整清单。

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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.

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Simply Wall St 的这篇文章本质上是笼统的。我们仅使用公正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,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不会考虑最新的价格敏感型公司公告或定性材料。华尔街只是没有持有上述任何股票的头寸。

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