Don't Buy Daodaoquan Grain and Oil Co.,Ltd. (SZSE:002852) For Its Next Dividend Without Doing These Checks
Don't Buy Daodaoquan Grain and Oil Co.,Ltd. (SZSE:002852) For Its Next Dividend Without Doing These Checks
Daodaoquan Grain and Oil Co.,Ltd. (SZSE:002852) is about to trade ex-dividend in the next four days. 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. This means that investors who purchase Daodaoquan Grain and OilLtd's shares on or after the 4th of June will not receive the dividend, which will be paid on the 4th of June.
道道全粮油有限公司, Ltd.(深圳证券交易所:002852)即将在未来四天内进行除息交易。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,在6月4日当天或之后购买道道泉粮油有限公司股票的投资者将不会获得股息,股息将在6月4日支付。
The company's upcoming dividend is CN¥0.067 a share, following on from the last 12 months, when the company distributed a total of CN¥0.22 per share to shareholders. Based on the last year's worth of payments, Daodaoquan Grain and OilLtd has a trailing yield of 2.6% on the current stock price of CN¥8.45. If you buy this business for its dividend, you should have an idea of whether Daodaoquan Grain and OilLtd's dividend is reliable and sustainable. So we need to investigate whether Daodaoquan Grain and OilLtd can afford its dividend, and if the dividend could grow.
该公司即将派发的股息为每股0.067元人民币,此前该公司向股东共分配了每股0.22元人民币。根据去年的付款额,道道全粮油有限公司的尾随收益率为2.6%,而目前的股价为8.45元人民币。如果你收购这家企业是为了分红,你应该知道Daodaoquan Grain and OillTD的股息是否可靠和可持续。因此,我们需要调查道道泉粮油有限公司能否负担得起股息,以及股息是否可以增长。
Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Daodaoquan Grain and OilLtd distributed an unsustainably high 180% of its profit as dividends to shareholders last year. Without extenuating circumstances, we'd consider the dividend at risk of a cut. A useful secondary check can be to evaluate whether Daodaoquan Grain and OilLtd generated enough free cash flow to afford its dividend. What's good is that dividends were well covered by free cash flow, with the company paying out 4.2% of its cash flow last year.
股息通常从公司收入中支付,因此,如果公司支付的股息超过其收入,则其股息被削减的风险通常更高。去年,道道全粮油有限公司将其利润的180%作为股息分配给了股东,这高得不持续。如果没有情有可原的情况,我们会认为股息有被削减的风险。一项有用的辅助检查可以用来评估道道全谷物和OillTD是否产生了足够的自由现金流来支付其股息。好处是,股息被自由现金流充分支付,该公司去年支付了现金流的4.2%。
It's good to see that while Daodaoquan Grain and OilLtd's dividends were not covered by profits, at least they are affordable from a cash perspective. If executives were to continue paying more in dividends than the company reported in profits, we'd view this as a warning sign. Extraordinarily few companies are capable of persistently paying a dividend that is greater than their profits.
很高兴看到,尽管道道全谷物和OillTD的股息没有由利润支付,但至少从现金的角度来看,它们是可以承受的。如果高管支付的股息继续超过公司公布的利润,我们会将其视为警告信号。极少有公司能够持续支付高于其利润的股息。
Click here to see how much of its profit Daodaoquan Grain and OilLtd paid out over the last 12 months.
点击此处查看道道全粮油有限公司在过去12个月中支付了多少利润。
![historic-dividend](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240531/0-cbc7a675906b8aab523bb19cac6ca2a0-0-1ed4c7c41b6a96527e686e14b5046e93.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. Daodaoquan Grain and OilLtd's earnings per share have plummeted approximately 31% a year over the previous five years.
收益下降的公司对股息股东来说风险更大。投资者喜欢分红,因此,如果收益下降而股息减少,预计股票将同时被大量抛售。在过去五年中,道道全粮油有限公司的每股收益每年下降约31%。
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Daodaoquan Grain and OilLtd's dividend payments per share have declined at 3.6% per year on average over the past seven years, which is uninspiring. While it's not great that earnings and dividends per share have fallen in recent years, we're encouraged by the fact that management has trimmed the dividend rather than risk over-committing the company in a risky attempt to maintain yields to shareholders.
许多投资者将通过评估股息支付在一段时间内发生了多大变化来评估公司的股息表现。在过去的七年中,道道泉粮油有限公司的每股股息支付额平均每年下降3.6%,这并不令人鼓舞。尽管近年来每股收益和股息下降并不好,但令我们感到鼓舞的是,管理层削减了股息,而不是冒险过度投入公司来维持股东收益率。
To Sum It Up
总结一下
Is Daodaoquan Grain and OilLtd an attractive dividend stock, or better left on the shelf? It's not a great combination to see a company with earnings in decline and paying out 180% of its profits, which could imply the dividend may be at risk of being cut in the future. Yet cashflow was much stronger, which makes us wonder if there are some large timing issues in Daodaoquan Grain and OilLtd's cash flows, or perhaps the company has written down some assets aggressively, reducing its income. Bottom line: Daodaoquan Grain and OilLtd has some unfortunate characteristics that we think could lead to sub-optimal outcomes for dividend investors.
Daodaoquan Grain and OillTD 是有吸引力的股息股票,还是最好留在货架上?看到一家公司收益下降并支付180%的利润,这并不是一个很好的组合,这可能意味着股息将来可能面临被削减的风险。然而,现金流要强得多,这使我们想知道道道全谷物和OillTD的现金流中是否存在一些重大时机问题,或者该公司是否积极减记了一些资产,从而减少了收入。底线:Daodaoquan Grain and OillTD有一些不幸的特征,我们认为这些特征可能会给股息投资者带来次优结果。
With that being said, if you're still considering Daodaoquan Grain and OilLtd as an investment, you'll find it beneficial to know what risks this stock is facing. Every company has risks, and we've spotted 4 warning signs for Daodaoquan Grain and OilLtd (of which 1 doesn't sit too well with us!) you should know about.
话虽如此,如果你仍在考虑将道道泉粮油作为一项投资,你会发现了解这只股票面临哪些风险是有益的。每家公司都有风险,我们已经发现了道道泉粮油有限公司的4个警告信号(其中1个对我们来说不太合适!)你应该知道。
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,我们不建议只购买你看到的第一只股息股票。以下是精选的具有强大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。