Don't Buy Zhejiang Sanfer Electric Co., Ltd (SHSE:605336) For Its Next Dividend Without Doing These Checks
Don't Buy Zhejiang Sanfer Electric Co., Ltd (SHSE:605336) For Its Next Dividend Without Doing These Checks
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 Zhejiang Sanfer Electric Co., Ltd (SHSE:605336) is about to go ex-dividend in just three 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 important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Therefore, if you purchase Zhejiang Sanfer Electric's shares on or after the 16th of July, you won't be eligible to receive the dividend, when it is paid on the 16th of July.
一些投资者依靠股息来增加财富,如果你是其中的一位股息爱好者,那么你可能会有兴趣知道,帅丰电器(SHSE:605336)将在三天后进入分红除息日。 分红除息日是公司登记日前一个营业日,这是公司确定哪些股东有权获得股息的日期。 分红除息日很重要,因为任何交易都必须在登记日之前结清才能有资格获得股息。 因此,如果你在7月16日或之后买入帅丰电器的股票,则无法在7月16日分红支付时获得股息。
The company's upcoming dividend is CN¥0.62 a share, following on from the last 12 months, when the company distributed a total of CN¥0.62 per share to shareholders. Looking at the last 12 months of distributions, Zhejiang Sanfer Electric has a trailing yield of approximately 5.4% on its current stock price of CN¥11.55. If you buy this business for its dividend, you should have an idea of whether Zhejiang Sanfer Electric's dividend is reliable and sustainable. As a result, readers should always check whether Zhejiang Sanfer Electric has been able to grow its dividends, or if the dividend might be cut.
该公司即将支付的分红为0.62人民币每股,过去12个月,该公司向股东分配了总计0.62人民币每股的股息。从过去12个月的股息来看,帅丰电器在当前的股价11.55人民币下具有约5.4%的股息收益率。如果你为其股息买入该业务,就应该知道帅丰电器的股息是否可靠和持续。 因此,读者应始终检查帅丰电器能否增加其股息或股息是否会被削减。
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. Zhejiang Sanfer Electric paid out 67% of its earnings to investors last year, a normal payout level for most businesses. 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 97% 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.
股息通常来自公司盈利。如果公司支付的股息比其获得的利润还要多,那么分红可能是不可持续的。帅丰电器去年将其收益的67%支付给了投资者,这是大多数企业的正常分红水平。与此同时,即使高盈利公司有时也可能无法产生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现金流覆盖的原因。去年,它的自由现金流以股息的形式支付了其现金流量的97%,这超出了大多数企业的舒适区域。现金流量通常比收益更加不稳定,因此这可能是一种暂时的影响-但我们通常希望在这里更加仔细地研究。
While Zhejiang Sanfer Electric'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 Zhejiang Sanfer Electric's ability to maintain its dividend.
虽然帅丰电器的股息由公司报告的利润所覆盖,但现金流量更加重要,因此看到公司没有产生足够的现金支付股息并不好。如果这种情况反复发生,这将是影响帅丰电器维持其股息能力的风险。
Click here to see how much of its profit Zhejiang Sanfer Electric paid out over the last 12 months.
点击此处查看帅丰电器在过去12个月中支付的利润的比例。
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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. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. So we're not too excited that Zhejiang Sanfer Electric's earnings are down 4.0% a year over the past five years.
收益下降的公司对分红股东来说更有风险。如果业务进入衰退,并且股息被减少,公司的价值可能会急剧下降。因此,我们并不太兴奋帅丰电器的收益在过去五年中年平均下降了4.0%。
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Since the start of our data, three years ago, Zhejiang Sanfer Electric has lifted its dividend by approximately 25% a year on average. That's interesting, but the combination of a growing dividend despite declining earnings can typically only be achieved by paying out more of the company's profits. This can be valuable for shareholders, but it can't go on forever.
许多投资者将通过评估股息支付的变化情况来评估公司的股息表现。从我们的数据开始算起,三年来,帅丰电器的股息平均增长了约25%。这很有意思,但尽管收益下降,股息仍在增长通常仅可以通过支付更多的公司利润来实现。这对股东来说可能是有价值的,但这不能持续下去。
Final Takeaway
最后的结论
Should investors buy Zhejiang Sanfer Electric for the upcoming dividend? Zhejiang Sanfer Electric had an average payout ratio, but its free cash flow was lower and earnings per share have been declining. It's not an attractive combination from a dividend perspective, and we're inclined to pass on this one for the time being.
投资者应该为即将到来的股息购买帅丰电器吗? 帅丰电器平均派息比率不错,但其自由现金流较低,每股收益也在下降。从股息角度来看,这并不是一个有吸引力的组合,我们倾向于暂时放弃这个。
With that being said, if you're still considering Zhejiang Sanfer Electric as an investment, you'll find it beneficial to know what risks this stock is facing. For example, we've found 1 warning sign for Zhejiang Sanfer Electric that we recommend you consider before investing in the business.
话虽如此,如果你仍在考虑帅丰电器作为一个投资,那么了解这支股票面临哪些风险是很有好处的。例如,我们已经发现了1个帅丰电器的警示信号,建议你在投资该业务之前进行考虑。
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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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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有反馈?对内容感到担忧?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。