Don't Buy Shanghai Allied Industrial Co., Ltd (SZSE:301419) For Its Next Dividend Without Doing These Checks
Don't Buy Shanghai Allied Industrial Co., Ltd (SZSE:301419) For Its Next Dividend Without Doing These Checks
Shanghai Allied Industrial Co., Ltd (SZSE:301419) stock is about to trade ex-dividend in two 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 an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Thus, you can purchase Shanghai Allied Industrial's shares before the 30th of May in order to receive the dividend, which the company will pay on the 30th of May.
上海联合产业股份有限公司(SZSE:301419)的股票即将于两天后除息交易。 通常,除息日是股权登记日的前一天,该日是公司确定股东有资格获得股息的日期。 除息日期是重要的日期,因为在此日期之后或以此日期购买的股票可能会导致晚一天的结算,无法在股权登记日显示。 因此,您可以在5月30日之前购买上海联合产业的股票,以获得股息,公司将在5月30日支付股息。
The company's next dividend payment will be CN¥0.50 per share, on the back of last year when the company paid a total of CN¥0.50 to shareholders. Last year's total dividend payments show that Shanghai Allied Industrial has a trailing yield of 1.8% on the current share price of CN¥28.03. 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.
该公司的下一个股息支付将为每股人民币0.50元,在去年公司向股东支付了总额为人民币0.50元的情况下。 去年的总分红支付显示,上海联合产业的现行股票价格人民币28.03元,有1.8%的股息收益率。 分红派息是长期持有者投资回报的主要贡献者,但前提是分红继续支付。 我们需要看到股息是否被盈利覆盖并且是否在增长。
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. Last year, Shanghai Allied Industrial paid out 98% of its income as dividends, which is above a level that we're comfortable with, especially if the company needs to reinvest in its business. 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. It paid out more than half (56%) of its free cash flow in the past year, which is within an average range for most companies.
股息通常由公司盈利支付。 如果公司支付的股息超过了其盈利,则该股息可能不可持续。 去年,上海联合产业将其收入的98%用于派息,这超过了我们感到舒适的水平,特别是如果公司需要重新投资其业务。 尽管如此,即使盈利丰厚的公司有时也可能无法生成足够的现金支付股息,这就是为什么我们应该始终检查股息是否被自由现金流覆盖。 它在过去一年中支付了其自由现金流的一半以上(56%),这在大多数公司中都在平均范围内。
It's good to see that while Shanghai Allied Industrial's dividends were not well covered by profits, at least they are affordable from a cash perspective. Still, if the company continues paying out such a high percentage of its profits, the dividend could be at risk if business turns sour.
很高兴看到尽管上海联合产业的股息利润覆盖率很低,但至少从现金角度来看是可负担的。 不过,如果公司继续支付如此高比例的利润,如果业务走下坡路,股息可能面临风险。
Click here to see how much of its profit Shanghai Allied Industrial paid out over the last 12 months.
单击此处查看上海联合产业过去12个月支付的利润金额。
![historic-dividend](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240528/0-240ecaff25a31e1fbad8ce6630b2f613-0-adfc5d8e4c82fe624d886b035ca9230b.png/big)
Have Earnings And Dividends Been Growing?
收益和股息一直在增长吗?
Businesses with shrinking earnings are tricky from a dividend perspective. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. Readers will understand then, why we're concerned to see Shanghai Allied Industrial's earnings per share have dropped 5.6% a year over the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend.
收益减少的企业在股息方面是棘手的。 如果业务进入低迷期并且股息被削减,则公司的价值可能急剧下跌。读者将理解,为什么我们担心上海联合产业的每股收益在过去五年中年均下降5.6%。 如此急剧的下降对股息未来的可持续性表示怀疑。
Unfortunately Shanghai Allied Industrial has only been paying a dividend for a year or so, so there's not much of a history to draw insight from.
不幸的是,上海联合产业只支付了一年左右的股息,因此没有太多的历史可以提供洞察。
To Sum It Up
总结一下
Is Shanghai Allied Industrial an attractive dividend stock, or better left on the shelf? Earnings per share have been in decline, which is not encouraging. What's more, Shanghai Allied Industrial is paying out a majority of its earnings and over half its free cash flow. It's hard to say if the business has the financial resources and time to turn things around without cutting the dividend. Bottom line: Shanghai Allied Industrial has some unfortunate characteristics that we think could lead to sub-optimal outcomes for dividend investors.
上海联合产业是一种有吸引力的股息股票,还是最好放在架子上? 每股收益正在下降,这并不令人鼓舞。 更重要的是,上海联合产业支出了大多数的收入和超过一半的自由现金流。 很难说这家公司是否有足够的财务资源和时间来在不削减股息的情况下扭转局面。 最后:上海联合产业具有一些让我们认为可能导致股息投资者不理想的特点。
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 Shanghai Allied Industrial. Every company has risks, and we've spotted 2 warning signs for Shanghai Allied Industrial you should know about.
话虽如此,如果您关注该股票但不关心股息,仍应熟悉上海联合产业的风险。 每家公司都存在风险,我们发现上海联合产业有2个警告信号需要知道。
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个有趣的股票。在这里,您可以找到高股息股票的完整列表。
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