Should You Buy Mueller Industries, Inc. (NYSE:MLI) For Its Upcoming Dividend?
Should You Buy Mueller Industries, Inc. (NYSE:MLI) For Its Upcoming Dividend?
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Mueller Industries, Inc. (NYSE:MLI) is about to trade ex-dividend in the next 4 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. Therefore, if you purchase Mueller Industries' shares on or after the 7th of June, you won't be eligible to receive the dividend, when it is paid on the 21st of June.
熟悉我们的读者们知道,我们钟爱于股息,这就是为什么看到木勒工业公司(NYSE:MLI)即将在接下来的4天内进行交易时非常令人兴奋。通常,除息日是股权登记日前一个工作日,而股权登记日是公司确定有资格获得股息的股东的日期。除息日非常重要,因为结算过程涉及两个整个工作日。因此,如果您错过了那个日期,您将不会出现在公司股权登记簿上。因此,如果您在6月7日或之后购买木勒工业的股票,则将无法获得分红,分红将在6月21日支付。
The company's next dividend payment will be US$0.20 per share, on the back of last year when the company paid a total of US$0.80 to shareholders. Last year's total dividend payments show that Mueller Industries has a trailing yield of 1.4% on the current share price of US$58.91. 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 Mueller Industries can afford its dividend, and if the dividend could grow.
该公司的下一个股息支付将为每股0.20美元,在去年公司向股东支付总额为0.80美元的情况下。去年的总股息支付表明,相对于当前股价58.91美元,木勒工业的股息收益率为1.4%。对于长期持有者来说,股息是投资回报的重要组成部分,但仅在股息继续支付的情况下如此。因此,我们需要调查木勒工业是否能够支付其股息,并且股息是否可以增长。
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Mueller Industries has a low and conservative payout ratio of just 13% of its income after tax. 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. What's good is that dividends were well covered by free cash flow, with the company paying out 11% of its cash flow last year.
如果一家公司支付的股息超过其所赚的收入,那么股息可能会变得不可持续——这几乎是不可能的局面。木勒工业的纯利润支付比率只有13%,是一个低而保守的比率。尽管如此,即使高盈利公司有时也可能无法产生足够现金来支付股息,这就是我们应该始终检查股息是否被自由现金流覆盖的原因。好的是去年分红是有自由现金流很好的覆盖的,公司去年支付了其现金流的11%。
It's positive to see that Mueller Industries's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut.
看到木勒工业的股息既由利润又由现金流覆盖,这是一个积极的信号,因为这通常表明股息是可持续的,而较低的支付比率通常意味着分红在削减之前具有更大的安全保障。
Click here to see how much of its profit Mueller Industries paid out over the last 12 months.
单击此处以查看木勒工业在过去的12个月中支付的利润。
![historic-dividend](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240602/0-7be03996010fe27e9d87aba2717881d9-0-3d5a30573330cf6fcac08acca55f9f6b.png/big)
Have Earnings And Dividends Been Growing?
收益和股息一直在增长吗?
Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. It's encouraging to see Mueller Industries has grown its earnings rapidly, up 40% a year for the past five years. Mueller Industries earnings per share have been sprinting ahead like the Road Runner at a track and field day; scarcely stopping even for a cheeky "beep-beep". We also like that it is reinvesting most of its profits in its business.'
营收增长可持续的公司获得最佳的股息展望,因为在收益增长时提高股息更容易。如果业务进入低迷期并且分红被削减,公司的价值可能会急剧下降。令人鼓舞的是,过去五年里,木勒工业的收益增长迅速,年均增长40%。木勒工业的每股收益一直像田径比赛中的“小路虎”一样冲刺,甚至没有停顿过。我们还喜欢它将大部分利润再投资于业务中的做法。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Mueller Industries has delivered 20% dividend growth per year on average over the past 10 years. It's exciting to see that both earnings and dividends per share have grown rapidly over the past few years.
衡量公司分红前景的另一个关键方法是衡量其历史分红率。木勒工业在过去10年平均每年提高20%的股息。令人兴奋的是,过去几年中每股收益和股息都大幅增长。
To Sum It Up
总结一下
Should investors buy Mueller Industries for the upcoming dividend? We love that Mueller Industries is growing earnings per share while simultaneously paying out a low percentage of both its earnings and cash flow. These characteristics suggest the company is reinvesting in growing its business, while the conservative payout ratio also implies a reduced risk of the dividend being cut in the future. There's a lot to like about Mueller Industries, and we would prioritise taking a closer look at it.
投资者是否应该购买即将到来的木勒工业分红?我们喜欢木勒工业在同时支付较低比例的每股收益的情况下不断增长,这表明公司正在再投资于增长业务,而保守的支付比率也意味着未来削减分红的风险降低了。关于木勒工业有很多值得喜欢的地方,我们应该优先对其进行更详细的了解。
So while Mueller Industries looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. For example - Mueller Industries has 1 warning sign we think you should be aware of.
因此,尽管从股息的角度来看,木勒工业看起来不错,但随时了解该股风险是值得的。例如,木勒工业有1个我们认为您应该了解的警告信号。
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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