Here's Why We're Wary Of Buying Kingboard Holdings' (HKG:148) For Its Upcoming Dividend
Here's Why We're Wary Of Buying Kingboard Holdings' (HKG:148) For Its Upcoming Dividend
Readers hoping to buy Kingboard Holdings Limited (HKG:148) 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 a company's record date, which is the date on which the company determines which shareholders are entitled 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. Meaning, you will need to purchase Kingboard Holdings' shares before the 12th of December to receive the dividend, which will be paid on the 5th of January.
希望收购建博控股有限公司(HKG: 148)进行股息的读者需要尽快采取行动,因为该股即将进行除息交易。除息日是公司记录日前的一个工作日,即公司确定哪些股东有权获得股息的日期。除息日之所以如此,是因为无论何时买入或卖出股票,交易都需要至少两个工作日才能结算。这意味着,您需要在12月12日之前购买Kingboard Holdings的股票才能获得股息,股息将在1月5日支付。
The company's next dividend payment will be HK$0.66 per share, and in the last 12 months, the company paid a total of HK$0.91 per share. Based on the last year's worth of payments, Kingboard Holdings stock has a trailing yield of around 5.1% on the current share price of HK$17.88. If you buy this business for its dividend, you should have an idea of whether Kingboard Holdings's dividend is reliable and sustainable. As a result, readers should always check whether Kingboard Holdings has been able to grow its dividends, or if the dividend might be cut.
该公司的下一次股息将为每股0.66港元,在过去的12个月中,该公司共支付了每股0.91港元。根据去年的付款额,Kingboard Holdings股票的追踪收益率约为5.1%,而目前的股价为17.88港元。如果你收购这家企业是为了分红,你应该知道Kingboard Holdings的股息是否可靠和可持续。因此,读者应始终检查Kingboard Holdings是否能够增加其股息,或者股息是否可能被削减。
See our latest analysis for Kingboard Holdings
查看我们对建涛控股的最新分析
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. Fortunately Kingboard Holdings's payout ratio is modest, at just 38% of profit. A useful secondary check can be to evaluate whether Kingboard Holdings generated enough free cash flow to afford its dividend. The company paid out 106% of its free cash flow over the last year, which we think is outside the ideal range for most businesses. Companies usually need cash more than they need earnings - expenses don't pay themselves - so it's not great to see it paying out so much of its cash flow.
股息通常从公司收益中支付。如果一家公司支付的股息超过其利润,那么分红可能是不可持续的。幸运的是,Kingboard Holdings的派息率不高,仅占利润的38%。一种有用的辅助支票可以用来评估Kingboard Holdings是否产生了足够的自由现金流来支付其股息。该公司去年支付了自由现金流的106%,我们认为这超出了大多数企业的理想范围。公司对现金的需求通常比他们需要的收入还要多——支出无法自己支付——因此,看到它支付这么多的现金流并不是一件好事。
Kingboard Holdings paid out less in dividends than it reported in profits, but unfortunately it didn't generate enough cash to cover the dividend. Cash is king, as they say, and were Kingboard Holdings to repeatedly pay dividends that aren't well covered by cashflow, we would consider this a warning sign.
Kingboard Holdings支付的股息少于其公布的利润,但不幸的是,它产生的现金不足以支付股息。正如他们所说,现金为王,如果Kingboard Holdings反复支付现金流无法充分覆盖的股息,我们会认为这是一个警告信号。
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](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231208/0-e31bdc766d8216465ec4a0223a4be1cd-0-ac6f40868eb86f0b705889435ef5b9fa.png/big)
Have Earnings And Dividends Been Growing?
收益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 Kingboard Holdings's 15% per annum decline in earnings in the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend.
收益下降的公司对股息股东来说风险更大。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。考虑到这一点,我们对Kingboard Holdings在过去五年中年收益下降15%感到不安。如此急剧的下降使人们对股息的未来可持续性产生了怀疑。
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. In the past 10 years, Kingboard Holdings has increased its dividend at approximately 7.7% a year on average.
大多数投资者评估公司股息前景的主要方式是查看历史股息增长率。在过去的10年中,Kingboard Holdings的股息平均每年增加约7.7%。
The Bottom Line
底线
Should investors buy Kingboard Holdings for the upcoming 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 Kingboard Holdings 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. It's not that we think Kingboard Holdings is a bad company, but these characteristics don't generally lead to outstanding dividend performance.
投资者是否应该为即将到来的股息买入Kingboard Holdings?每股收益下降令人失望,尽管Kingboard Holdings将收入作为股息支付的还不到一半,但这通常足以阻止我们购买大多数股息股票。但是,它支付的现金流比例也高得令人不安,这让我们想知道分红到底有多可持续。并不是说我们认为Kingboard Holdings是一家糟糕的公司,但这些特征通常不会带来出色的股息表现。
Having said that, if you're looking at this stock without much concern for the dividend, you should still be familiar of the risks involved with Kingboard Holdings. To help with this, we've discovered 2 warning signs for Kingboard Holdings that you should be aware of before investing in their shares.
话虽如此,如果你在看这只股票时不太担心股息,那么你仍然应该熟悉Kingboard Holdings所涉及的风险。为了帮助解决这个问题,我们发现了Kingboard Holdings的两个警告信号,在投资他们的股票之前,你应该注意这些信号。
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.
通常,我们不建议只买入您看到的第一只股息股票。以下是精选的具有强劲股息支付能力的有趣股票清单。
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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。