Don't Race Out To Buy Dana Incorporated (NYSE:DAN) Just Because It's Going Ex-Dividend
Don't Race Out To Buy Dana Incorporated (NYSE:DAN) Just Because It's Going Ex-Dividend
Readers hoping to buy Dana Incorporated (NYSE:DAN) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. 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 an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Meaning, you will need to purchase Dana's shares before the 9th of August to receive the dividend, which will be paid on the 30th of August.
希望购买达纳公司(纽交所:DAN)股息的读者需要尽快行动,因为股票即将交易除息。除息日是股东持股截止日前一个工作日,也是股东资格截止日,持有该公司股票的股东才有资格获得股息支付。了解除息日的重要性非常关键,因为在该日期之后或之上购买的股票可能意味着迟到的结算,不会在记录日显示。这意味着,您需要在8月9日之前购买达纳公司的股票才能在8月30日之前获得分红派息。
The company's next dividend payment will be US$0.10 per share, on the back of last year when the company paid a total of US$0.40 to shareholders. Calculating the last year's worth of payments shows that Dana has a trailing yield of 3.6% on the current share price of US$11.24. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing.
该公司下一个股息支付将为每股0.10美元,去年该公司向股东支付了总额为0.40美元的股息。计算去年的付款总额显示,达纳在当前股价11.24美元的情况下拥有3.6%的滚动收益率。股息是许多股东的重要收入来源,但企业的健康状况对于维持这些股息至关重要。我们需要看到是否股息有盈利覆盖,以及是否在不断增长。
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. Dana paid a dividend last year despite being unprofitable. This might be a one-off event, but it's not a sustainable state of affairs in the long run. With the recent loss, it's important to check if the business generated enough cash to pay its dividend. If Dana didn't generate enough cash to pay the dividend, then it must have either paid from cash in the bank or by borrowing money, neither of which is sustainable in the long term. It paid out 92% of its free cash flow in the form of dividends last year, which is outside the comfort zone for most businesses. Companies usually need cash more than they need earnings - expenses don't pay themselves - so it's not great to see it paying out so much of its cash flow.
股息通常是从公司收入中支付的,因此如果公司支付的股息超过了其所赚的金额,则其股息通常面临更高的风险被削减。虽然达纳去年没有盈利,但仍然支付了股息。这可能是一次性事件,但从长远来看,这不是可持续的状态。随着最近的亏损,检查公司是否产生足够的现金来支付其股息至关重要。如果达纳没有产生足够的现金来支付股息,则股息必须通过银行储备金或借款来支付,这两种方式均不可持续。它去年以自由现金流的92%形式支付股息,这超出了大多数企业的安全区间。公司通常需要现金而不是收益-花费不会自己付-因此看到它支付了如此多的现金流出不是很好。
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?
When earnings decline, dividend companies become much harder to analyse and own safely. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. Dana reported a loss last year, and the general trend suggests its earnings have also been declining in recent years, making us wonder if the dividend is at risk.
当盈利下降时,股息公司变得更加难以分析并安全拥有。投资者热衷于股息,因此如果收入减少和股息减少,同时期望股票大量出售。达纳去年报告了亏损,一般趋势表明其收益近年来也在下降,这让我们想知道股息是否面临风险。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Since the start of our data, 10 years ago, Dana has lifted its dividend by approximately 7.2% a year on average.
衡量公司股息前景的另一个关键方法是通过衡量其历史股息增长率来衡量。自我们的数据开始以来,即10年前,达纳的股息平均每年增长约7.2%。
Get our latest analysis on Dana's balance sheet health here.
在此获取有关达纳资产负债表健康状况的最新分析。
Final Takeaway
最后的结论
Has Dana got what it takes to maintain its dividend payments? We're a bit uncomfortable with it paying a dividend while being loss-making, especially given that the dividend was not well covered by free cash flow. Bottom line: Dana has some unfortunate characteristics that we think could lead to sub-optimal outcomes for dividend investors.
达纳在亏损的情况下支付股息,这让我们有点不舒服,尤其是考虑到股息未被充分的自由现金流所覆盖。最后一句话:达纳具有某些不利特征,我们认为这可能导致股息投资者的次优结果。
With that in mind though, if the poor dividend characteristics of Dana don't faze you, it's worth being mindful of the risks involved with this business. Our analysis shows 2 warning signs for Dana and you should be aware of them before buying any shares.
尽管如此,如果达纳的股息不佳特征不让您感到惊讶,则值得注意的是与这种业务相关的风险。我们的分析显示,对于达纳存在两个警告信号,购买任何股票之前都应该注意它们。
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。