Aztech Global (SGX:8AZ) Could Be A Buy For Its Upcoming Dividend
Aztech Global (SGX:8AZ) Could Be A Buy For Its Upcoming Dividend
Aztech Global Ltd. (SGX:8AZ) stock is about to trade ex-dividend in three 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 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 Aztech Global's shares on or after the 6th of August will not receive the dividend, which will be paid on the 16th of August.
Aztech Global Ltd.(新加坡交易所:8AZ)股票将在三天后开始交易分红派息。通常,交易日之前的一个工作日股票被视为去除分红资格的日期,而公司在这个日期上决定有资格获得股息的股东。这个日期很重要,因为无论何时买入或卖出股票,交易需要至少两个工作日来处理。这意味着在8月6日或之后购买Aztech Global的股票的投资者将无法获得16万亿的股息。
The company's upcoming dividend is S$0.05 a share, following on from the last 12 months, when the company distributed a total of S$0.10 per share to shareholders. Based on the last year's worth of payments, Aztech Global stock has a trailing yield of around 9.9% on the current share price of S$1.01. 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.
该公司即将发放的每股股息是0.05新元,在过去的12个月中,该公司为股东总分配了0.10新元每股。根据去年的收益,以Aztech Global股票当前价格1.01新元为基础,该股票的回报率约为9.9%。长期持有人赚取的投资回报中,股利是一个重要的贡献因素,前提是股息得持续发放。这就是为什么我们应该时刻检查股息是否可持续,而且公司是否在成长。
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. Aztech Global is paying out an acceptable 74% of its profit, a common payout level among most companies. 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. Thankfully its dividend payments took up just 50% of the free cash flow it generated, which is a comfortable payout ratio.
一般来说,公司从收入中支付股息,因此如果一家公司支付的股息高于其收入,其股息通常风险更高。Aztech Global付出了可接受的74%利润作为支付股息的方式,这是大多数公司常见的支付水平。然而,自由现金流通常比利润更重要,以评估股息的可持续性,所以我们应该时刻检查公司是否产生足够的现金来支付其股息。幸运的是,其股息支付仅占其自由现金流的50%,这是一个舒适的支付比率。
It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously.
看到股息既有盈利也有现金流的覆盖是令人鼓舞的。这通常表明股息是可持续的,只要收益没有急剧下降。
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。
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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 earnings fall far enough, the company could be forced to cut its dividend. Fortunately for readers, Aztech Global's earnings per share have been growing at 14% a year for the past five years. Aztech Global is paying out a bit over half its earnings, which suggests the company is striking a balance between reinvesting in growth, and paying dividends. This is a reasonable combination that could hint at some further dividend increases in the future.
在公司盈利持续增长的情况下,股价稳定的公司往往是最好的股息前景,因为随着收益增长,提高股息更容易。如果收益下降,公司可能被迫削减股息。幸运的是,Aztech Global每股收益过去5年增长了14%。该公司支付出去的股息略高于其盈利的一半,这表明该公司在平衡重投资以及支付股息之间取得了平衡。这是一个合理的组合,可能暗示未来会有更多的股息增长。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Aztech Global has delivered an average of 71% per year annual increase in its dividend, based on the past three years of dividend payments. Both per-share earnings and dividends have both been growing rapidly in recent times, which is great to see.
衡量公司股息前景另一个关键的方法是衡量其历史股息增长率。基于过去三年的股息支付,Aztech Global的股息平均每年增长了71%。每股收益和股息都在近期快速增长,这是一个好的迹象。
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 Aztech Global? Aztech Global's growing earnings per share and conservative payout ratios make for a decent combination. We also like that it paid out a lower percentage of its cash flow. Aztech Global looks solid on this analysis overall, and we'd definitely consider investigating it more closely.
从股息的角度看,投资者是否应该购买或避免Aztech Global?Aztech Global每股盈利增长和保守的支付比率的组合使其成为一个不错的选择。我们也喜欢它支付现金流的较低比例。总的来说,从这个分析来看,Aztech Global看起来非常稳健,我们一定会考虑进一步调查。
While it's tempting to invest in Aztech Global for the dividends alone, you should always be mindful of the risks involved. Case in point: We've spotted 1 warning sign for Aztech Global you should be aware of.
虽然仅想投资Aztech Global以获得股息回报看起来很诱人,但您应该时刻注意所涉及的风险。例如:我们注意到Aztech Global有1个警示信号需要您知道。
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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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.
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
对本文有任何反馈?对内容有任何疑虑?请直接与我们联系。或者,发送电子邮件至editorial-team@simplywallst.com。