We Wouldn't Be Too Quick To Buy SGSG Science&Technology Co., Ltd. Zhuhai (SZSE:300561) Before It Goes Ex-Dividend
We Wouldn't Be Too Quick To Buy SGSG Science&Technology Co., Ltd. Zhuhai (SZSE:300561) Before It Goes Ex-Dividend
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that SGSG Science&Technology Co., Ltd. Zhuhai (SZSE:300561) is about to go ex-dividend in just 3 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 SGSG Science&Technology Zhuhai's shares on or after the 31st of May will not receive the dividend, which will be paid on the 31st of May.
一些投资者依靠股息来增加财富,如果您是其中的一位“股息猎手”,您可能会很感兴趣知道科学兴趣股份有限公司珠海(SZSE:300561)将在3天后进行除息。除息日发生在股权登记日之前,股权登记日是股东需要在公司账簿上登记的日期,以便获得股息。除息日非常重要,因为任何股票交易都需要在股权登记日之前结算才能有资格获得股息。这意味着,在5月31日之后购买科学兴趣股份有限公司珠海的股票的投资者将不会获得将于5月31日支付的分红派息。
The company's next dividend payment will be CN¥0.035 per share, on the back of last year when the company paid a total of CN¥0.035 to shareholders. Looking at the last 12 months of distributions, SGSG Science&Technology Zhuhai has a trailing yield of approximately 0.4% on its current stock price of CN¥8.19. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether SGSG Science&Technology Zhuhai can afford its dividend, and if the dividend could grow.
公司下一个分红派息将是每股0.035元,而上一年度公司向股东支付了总共0.035元。从过去12个月的分配情况来看,科学兴趣珠海的股票现价为人民币8.19元,追溯收益率约为0.4%。对于长期持有者来说,股息是投资回报的一个主要贡献因素,但前提是分红派息能够延续。因此,我们需要调查科技兴趣股份有限公司珠海是否能够维持其分红派息,以及分红派息是否能够增长。
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. SGSG Science&Technology Zhuhai paid out a disturbingly high 219% of its profit as dividends last year, which makes us concerned there's something we don't fully understand in the business. Yet cash flow is typically more important than profit for assessing dividend sustainability, so we should always check if the company generated enough cash to afford its dividend. SGSG Science&Technology Zhuhai paid out more free cash flow than it generated - 139%, to be precise - last year, which we think is concerningly high. It's hard to consistently pay out more cash than you generate without either borrowing or using company cash, so we'd wonder how the company justifies this payout level.
如果一家公司支付的股息超过了其所赚取的收益,那么股息可能变得不可持续——这绝非理想的情况。科技兴趣股份有限公司珠海去年支付的红利为其利润的219%,这令我们担忧我们未完全了解业务中可能存在的情况。然而,对于评估分红派息的可持续性来说,现金流通常比利润更为重要,因此我们需要始终检查公司是否产生了足够的现金以支付其分红派息。科技兴趣股份有限公司珠海去年支付的自由现金流大于其产生的自由现金流的139%,这让我们感到非常担忧。要想始终支付比所产生的现金更多的现金,要么就是通过借款要么就是利用公司现金,所以我们要好奇公司如何证明自己的分红水平。
As SGSG Science&Technology Zhuhai's dividend was not well covered by either earnings or cash flow, we would be concerned that this dividend could be at risk over the long term.
由于科技兴趣股份有限公司珠海的股息既不受盈利也不受现金流的充分覆盖,我们担心这种分红派息在长期内可能面临风险。
Click here to see how much of its profit SGSG Science&Technology Zhuhai paid out over the last 12 months.
请单击此处了解过去12个月中科技兴趣股份有限公司珠海支付的利润总额。
![historic-dividend](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240528/0-7bf880cd393a3f6cb237a5de18fcf024-0-5f587fa0668e85b45b937ba0db979492.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. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. SGSG Science&Technology Zhuhai's earnings per share have plummeted approximately 39% a year over the previous five years.
盈利下降的公司对于股息股东来说风险更高。投资者喜欢股息,因此如果收益下降并且股息减少,预计同时会大量抛售该股票。科技兴趣股份有限公司珠海的每股收益在过去五年中每年下降约39%。
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. SGSG Science&Technology Zhuhai has seen its dividend decline 7.7% per annum on average over the past seven years, which is not great to see. It's never nice to see earnings and dividends falling, but at least management has cut the dividend rather than potentially risk the company's health in an attempt to maintain it.
许多投资者将通过评估股息支付在时间上的变化来评估一家公司的股息表现。过去七年中,科技兴趣股份有限公司珠海的分红派息平均每年下降7.7%,这不是一个好现象。看到盈利和股息下降绝不是好事,但至少管理层已经削减了股息而不是为了保持股息而潜在地冒公司的健康风险。
Final Takeaway
最后的结论
From a dividend perspective, should investors buy or avoid SGSG Science&Technology Zhuhai? Not only are earnings per share declining, but SGSG Science&Technology Zhuhai is paying out an uncomfortably high percentage of both its earnings and cashflow to shareholders as dividends. This is a starkly negative combination that often suggests a dividend cut could be in the company's near future. With the way things are shaping up from a dividend perspective, we'd be inclined to steer clear of SGSG Science&Technology Zhuhai.
从分红的角度来看,投资者应该买入还是回避科技兴趣股份有限公司珠海?不仅每股收益正在下降,而且科技兴趣股份有限公司珠海将其收益和现金流的不少于盈利的百分比不适宜地支付给股东作为股息。这是一种明显的负面组合,通常意味着该公司近期可能会削减股息。从股息的角度来看,我们倾向于避开科技兴趣股份有限公司珠海。
With that in mind though, if the poor dividend characteristics of SGSG Science&Technology Zhuhai don't faze you, it's worth being mindful of the risks involved with this business. We've identified 2 warning signs with SGSG Science&Technology Zhuhai (at least 1 which shouldn't be ignored), and understanding them should be part of your investment process.
尽管如此,如果科技兴趣股份有限公司珠海的不良分红特征并未引起您的注意,那么请注意这家公司所涉及的风险。我们已经发现了2个与科技兴趣股份有限公司珠海有关的警示信号(其中至少有1个不应被忽视),理解它们应该成为您的投资过程的一部分。
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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