Should You Buy Otter Tail Corporation (NASDAQ:OTTR) For Its Upcoming Dividend?
Should You Buy Otter Tail Corporation (NASDAQ:OTTR) For Its Upcoming Dividend?
Otter Tail Corporation (NASDAQ:OTTR) stock is about to trade ex-dividend in 4 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. This means that investors who purchase Otter Tail's shares on or after the 14th of February will not receive the dividend, which will be paid on the 8th of March.
Otter Tail Corporation(纳斯达克股票代码:OTTR)的股票即将在4天后进行除息交易。除息日发生在记录日期的前一天,即股东需要在公司账簿上登记才能获得股息的日子。除息日很重要,因为任何股票交易都需要在记录日期之前结算才有资格获得股息。这意味着在2月14日当天或之后购买Otter Tail股票的投资者将不会获得股息,股息将在3月8日支付。
The company's next dividend payment will be US$0.4675 per share. Last year, in total, the company distributed US$1.75 to shareholders. Based on the last year's worth of payments, Otter Tail stock has a trailing yield of around 2.0% on the current share price of US$95.52. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. 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0.4675美元。去年,该公司总共向股东分配了1.75美元。根据去年的支付额,Otter Tail股票的尾随收益率约为2.0%,而目前的股价为95.52美元。股息是长期持有者投资回报的主要贡献者,但前提是继续支付股息。我们需要看看股息是否由收益支付,以及股息是否在增长。
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Fortunately Otter Tail's payout ratio is modest, at just 26% of profit. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. It paid out more than half (51%) of its free cash flow in the past year, which is within an average range for most companies.
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。幸运的是,Otter Tail的派息率适中,仅占利润的26%。然而,对于评估股息而言,现金流比利润更为重要,因此我们需要查看公司是否产生了足够的现金来支付分红。在过去的一年中,它支付了自由现金流的一半以上(51%),这在大多数公司的平均范围内。
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.
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。
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股息的估计。
![historic-dividend](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240209/0-0b6fbb08cdaca31d7814fb36c7b42616-0-bab74c19303bd71343bd2b94c2c66f6f.png/big)
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 business enters a downturn and the dividend is cut, the company could see its value fall precipitously. It's encouraging to see Otter Tail has grown its earnings rapidly, up 29% a year 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。如果业务陷入低迷并削减股息,该公司的价值可能会急剧下降。令人鼓舞的是,Otter Tail的收益迅速增长,在过去五年中每年增长29%。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. In the last 10 years, Otter Tail has lifted its dividend by approximately 4.6% a year on average. Earnings per share have been growing much quicker than dividends, potentially because Otter Tail is keeping back more of its profits to grow the business.
衡量公司股息前景的另一种关键方法是衡量其历史股息增长率。在过去的10年中,Otter Tail平均每年将股息提高约4.6%。每股收益的增长速度远快于股息,这可能是因为Otter Tail保留了更多的利润来发展业务。
Final Takeaway
最后的外卖
From a dividend perspective, should investors buy or avoid Otter Tail? Earnings per share have grown at a nice rate in recent times and over the last year, Otter Tail paid out less than half its earnings and a bit over half its free cash flow. Otter Tail looks solid on this analysis overall, and we'd definitely consider investigating it more closely.
从股息的角度来看,投资者应该买入还是避开 Otter Tail?最近,每股收益以不错的速度增长,在过去的一年中,Otter Tail支付的收益不到一半,自由现金流略高于一半。总体而言,Otter Tail在这项分析中看起来很可靠,我们一定会考虑对其进行更仔细的研究。
On that note, you'll want to research what risks Otter Tail is facing. For instance, we've identified 2 warning signs for Otter Tail (1 can't be ignored) you should be aware of.
关于这一点,你需要研究 Otter Tail 面临哪些风险。例如,我们已经确定了你应该注意的 2 个 Otter Tail 警告标志(1 个不容忽视)。
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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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根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。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,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。