Read This Before Considering Shenzhen Aisidi Co., Ltd. (SZSE:002416) For Its Upcoming CN¥0.40 Dividend
Read This Before Considering Shenzhen Aisidi Co., Ltd. (SZSE:002416) For Its Upcoming CN¥0.40 Dividend
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Shenzhen Aisidi Co., Ltd. (SZSE:002416) is about to trade ex-dividend in the next three 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. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Meaning, you will need to purchase Shenzhen Aisidi's shares before the 30th of May to receive the dividend, which will be paid on the 30th of May.
通常,在确定股息领取权的股东的日期之前的一个营业日,股息除权日是重要的,因为结算过程牵涉到两个完整的营业日。如果您错过了这个日期,您将无法出现在公司的记录日期上。这意味着,您需要在5月30日之前购买深圳爱施德的股票,才能获得将于5月30日支付的股息。
The company's next dividend payment will be CN¥0.40 per share. Last year, in total, the company distributed CN¥0.40 to shareholders. Calculating the last year's worth of payments shows that Shenzhen Aisidi has a trailing yield of 3.8% on the current share price of CN¥10.39. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
公司的下一个股息支付金额将为人民币0.40元每股。去年,该公司共向股东分配了人民币0.40元。计算去年的付款总额,发现深圳爱施德在当前每股人民币10.39元的股价上拥有3.8%的滚动收益率。分红是许多股东的重要收入来源,但企业的健康状况对维持股息至关重要。因此,我们应该始终检查股息支付是否可持续,以及公司是否在成长。
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. Its dividend payout ratio is 76% of profit, which means the company is paying out a majority of its earnings. The relatively limited profit reinvestment could slow the rate of future earnings growth. It could become a concern if earnings started to decline. 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 91% of its free cash flow in the form of dividends last year, which is outside the comfort zone 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.
股息通常是从公司盈利中支付的。如果一家公司支付的股息多于它所获得的利润,那么这种股息可能是不可持续的。其分红比率为盈利的76%,这意味着公司支付了大部分的盈利。相对较少的盈利再投资可能会减缓未来盈利增长的速度。如果收益开始下降,这可能会成为一个问题。然而,对于评估股息而言,现金流比利润更为重要,因此我们需要看到公司是否产生足够的现金来支付其分配。它去年以自由现金流的91%以形式支付股息,这对于大多数企业来说超出了舒适区。公司通常需要的是现金而不是盈利-开支不能自付,因此我们看到它支付了如此多的现金流,情况并不太好。
While Shenzhen Aisidi'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 Shenzhen Aisidi to repeatedly pay dividends that aren't well covered by cashflow, we would consider this a warning sign.
虽然深圳爱施德的股息是由公司报告的利润覆盖的,但现金流有些更为重要,因此公司没有产生足够的现金来支付其股息并不是好事。如人们所说的,现金就是王道,如果深圳爱施德反复支付未被现金流充分覆盖的股息,我们将视其为警示信号。
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
点击此处查看公司的支付比率以及未来分红的分析师预期。
![historic-dividend](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240526/0-8ceb151410cb112f3de0b334af57b80e-0-9b5d25e17ef3ed78904aae02b0ccd184.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 Shenzhen Aisidi has grown its earnings rapidly, up 23% a year for the past five years. Earnings have been growing quickly, but we're concerned dividend payments consumed most of the company's cash flow over the past year.
具有强大增长前景的公司通常是最好的股息支付者,因为随着每股收益的提高,股息的增长更容易。如果公司进入衰退并削减股息,该公司可能会看到其价值急剧下降。令人鼓舞的是,深圳爱施德的收益增长迅速,过去五年平均每年增长23%。尽管收益增长迅速,但我们担心股息支付在过去一年中消耗了公司大部分的现金流。
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Since the start of our data, 10 years ago, Shenzhen Aisidi has lifted its dividend by approximately 12% a year on average. 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金额长期变化来评估公司的股息表现。自我们的数据开始以来,即10年前,深圳爱施德的股息支付金额平均每年增长约12%。看到每股收益多年来持续增长,并且每股股息也在增长,感觉非常好。
The Bottom Line
还有一件事需要注意的是,我们已经确定了上海医药的2个警告信号,了解这些信号应该成为你的投资过程的一部分。
Should investors buy Shenzhen Aisidi for the upcoming dividend? It's good to see that earnings per share are growing and that the company's payout ratio is within a normal range for most businesses. However we're somewhat concerned that it paid out 91% of its cashflow, which is uncomfortably high. In summary, while it has some positive characteristics, we're not inclined to race out and buy Shenzhen Aisidi today.
投资者是否应该购买深圳爱施德的即将到来的股息?看到每股收益增长且公司的支付比率已在大多数企业的正常范围内是好事,但我们担心它支付了其现金流的91%,这是不舒服的高。总之,虽然它有一些积极的特征,但我们并不倾向于立即购买深圳爱施德的股票。
If you're not too concerned about Shenzhen Aisidi's ability to pay dividends, you should still be mindful of some of the other risks that this business faces. Our analysis shows 1 warning sign for Shenzhen Aisidi and you should be aware of it before buying any shares.
如果您不太担心深圳爱施德支付股息的能力,您仍应该注意该业务面临的一些其他风险。我们的分析显示,深圳爱施德存在1个警示信号,您在购买任何股票之前应该了解它。
If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.
如果你在寻找强劲的股息支付者,我们建议查看我们的顶级股息股票选择。
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