Income Investors Should Know That Tianjin Yiyi Hygiene Products Co.,Ltd (SZSE:001206) Goes Ex-Dividend Soon
Income Investors Should Know That Tianjin Yiyi Hygiene Products Co.,Ltd (SZSE:001206) Goes Ex-Dividend Soon
It looks like Tianjin Yiyi Hygiene Products Co.,Ltd (SZSE:001206) is about to go ex-dividend in the next three days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. 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. In other words, investors can purchase Tianjin Yiyi Hygiene ProductsLtd's shares before the 4th of June in order to be eligible for the dividend, which will be paid on the 4th of June.
天津宜宜卫生用品股份有限公司(SZSE:001206)股票即将于未来3天内除息。除权日是股东在公司股簿上出现的截止日期,是分红派息的资格审查截止日期,除权日很重要,因为每次买卖股票至少需要2个交易日来结算。换言之,投资者可以在6月4日之前购买天津宜宜卫生用品股份有限公司的股票,以享受股息,该股息将于6月4日发放。
The company's next dividend payment will be CN¥0.40 per share, on the back of last year when the company paid a total of CN¥0.80 to shareholders. Based on the last year's worth of payments, Tianjin Yiyi Hygiene ProductsLtd stock has a trailing yield of around 5.5% on the current share price of CN¥14.50. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. 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每股0.40元人民币,去年该公司向股东支付了总计0.80元人民币的股息。基于去年的股息总额,天津宜宜卫生用品股份有限公司的股票当前成交价为14.50元人民币,具有约5.5%的实际回报率。对于长期持有者而言,股息是投资回报的主要贡献者,但前提是分红派息能够持续发放。这就是为什么我们应该始终确认分红派息能否持续发放,并确认公司是否在成长。
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. It paid out 77% of its earnings as dividends last year, which is not unreasonable, but limits reinvestment in the business and leaves the dividend vulnerable to a business downturn. It could become a concern if earnings started to decline. 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. It paid out 106% of its free cash flow in the form of dividends last year, which is outside the comfort zone for most businesses. Cash flows are usually much more volatile than earnings, so this could be a temporary effect - but we'd generally want to look more closely here.
股息通常是由公司收入支付的,因此,如果公司支付的股息超过其所赚收入,则其股息通常更容易被减少。去年,公司将77%的收入作为股息支付,这是合理的,但是限制了业务再投资,并使股息面临业务衰退的风险。如果收入开始下降,这将成为一个问题。然而,与盈利相比,现金流对于评估股息的可持续性通常更重要,因此我们应始终确认公司是否产生足够的现金流来支付其股息。去年,公司支付的股息金额占其自由现金流的106%,超出了大多数企业的舒适区间。现金流通常比盈利更加波动,因此这可能是一个暂时的影响,但我们通常应更仔细地审查此处。
Tianjin Yiyi Hygiene ProductsLtd does have a large net cash position on the balance sheet, which could fund large dividends for a time, if the company so chose. Still, smart investors know that it is better to assess dividends relative to the cash and profit generated by the business. Paying dividends out of cash on the balance sheet is not long-term sustainable.
天津宜宜卫生用品股份有限公司在资产负债表上具有较大的净现金头寸,如果公司愿意,则可以资助较长时间的股息。尽管如此,明智的投资者知道最好根据企业产生的现金和利润来评估股息。从资产负债表上的现金支付股息不具有长期可持续性。
While Tianjin Yiyi Hygiene ProductsLtd'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. Were this to happen repeatedly, this would be a risk to Tianjin Yiyi Hygiene ProductsLtd's ability to maintain its dividend.
尽管天津宜宜卫生用品股份有限公司的股息由其报告的利润所支付,但现金有些更为重要,因此不太好看到公司没有产生足够的现金来支付其股息。如果这种情况反复发生,这将对公司维持其股息的能力构成风险。
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/7781/20240601/0-00b09032b124b5870b9e2780bca8f752-0-46aa480aeb73f0a9f60ada21af9a4ff8.png/big)
Have Earnings And Dividends Been Growing?
收益和股息一直在增长吗?
Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. Fortunately for readers, Tianjin Yiyi Hygiene ProductsLtd's earnings per share have been growing at 14% a year for the past five years. Earnings have been growing at a decent rate, but we're concerned dividend payments consumed most of the company's cash flow over the past year.
通常,每股收益稳定增长的公司通常是最佳的股息股票,因为它们通常更容易增加每股股息。投资者喜欢股息,因此,如果收益下降并且股息减少,可以预计该股票会被大量抛售。值得庆幸的是,过去5年,天津宜宜卫生用品股份有限公司的每股收益增长率为14%。收益增长速度很好,但我们担心去年的股息支出花费了公司大部分现金流。
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Tianjin Yiyi Hygiene ProductsLtd's dividend payments per share have declined at 0.7% per year on average over the past three years, which is uninspiring.
许多投资者将通过评估股息支付金额的变化来评估公司的红利业绩。过去3年中,天津宜宜卫生用品股份有限公司股息每股支付金额平均下降0.7%,这是令人失望的。
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。
From a dividend perspective, should investors buy or avoid Tianjin Yiyi Hygiene ProductsLtd? The best dividend stocks typically boast a long history of growing earnings per share (EPS) via a combination of earnings growth and buybacks. That's why we're glad to see Tianjin Yiyi Hygiene ProductsLtd growing its EPS, buying back stock and paying out a reasonable percentage of its earnings as dividends. However, we note with some concern that it paid out 106% of its free cash flow last year, which is uncomfortably high and makes us wonder why the company chose to spend even more cash on buybacks. In summary, while it has some positive characteristics, we're not inclined to race out and buy Tianjin Yiyi Hygiene ProductsLtd today.
从股息的角度看,投资者应该购买还是避免购买天津宜宜卫生用品股份有限公司的股票?最好的分红股票通常以历史上持续增长的每股收益(EPS)为特色,通过收益增长和股票回购结合实现。这就是为什么我们很高兴看到天津宜宜卫生用品股份有限公司增加其EPS、回购股票并支付合理比例利润作为股息。然而,我们需要注意的是,去年它支付了其自由现金流总额的106%,这是不舒适的高比例,这也让我们想知道为什么公司选择花更多现金进行股票回购。
So if you want to do more digging on Tianjin Yiyi Hygiene ProductsLtd, you'll find it worthwhile knowing the risks that this stock faces. Our analysis shows 1 warning sign for Tianjin Yiyi Hygiene ProductsLtd and you should be aware of this before buying any shares.
所以,如果您想对天津宜宜卫生用品股份有限公司做更多挖掘,您将发现了解该股面临的风险是值得的。我们的分析显示,天津宜宜卫生用品股份有限公司有1个警告标志,购买任何股票之前您应该意识到这一点。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
This article by Simply Wall St is general in nature. We provide commentary based on historical data and analyst forecasts only using an unbiased methodology and our articles are not intended to be financial advice. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
对本文有反馈?关于内容有所顾虑?直接和我们联系。或电邮 editorial-team (at) simplywallst.com。
这篇文章是Simply Wall St的一般性文章。我们根据历史数据和分析师预测提供评论,只使用公正的方法论,我们的文章并不意味着提供任何金融建议。文章不构成买卖任何股票的建议,也不考虑您的目标或您的财务状况。我们的目标是带给您基本数据驱动的长期关注分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。Simply Wall St没有任何股票头寸。