Be Sure To Check Out Target Corporation (NYSE:TGT) Before It Goes Ex-Dividend
Be Sure To Check Out Target Corporation (NYSE:TGT) Before It Goes Ex-Dividend
Target Corporation (NYSE:TGT) is about to trade ex-dividend in the next 3 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 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 Target's shares before the 21st of August to receive the dividend, which will be paid on the 10th of September.
Target Corporation(纽交所:TGT)将于未来3天内交易分红。除权日是股权登记日前一个工作日,即股东必须出现在公司账簿上才有资格获得股息支付的截止日期。除息日是一个需要注意的重要日期,因为在该日期或之后购买该股票可能意味着迟到的交收无法在股权登记日显示。换句话说,您需要在8月21日之前购买Target的股票才能获得分红,该分红将于9月10日支付。
The company's upcoming dividend is US$1.12 a share, following on from the last 12 months, when the company distributed a total of US$4.48 per share to shareholders. Calculating the last year's worth of payments shows that Target has a trailing yield of 3.1% on the current share price of US$144.04. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
该公司即将宣布US$1.12每股的股息,此前12个月该公司向股东派发了总计US$4.48的股息。计算去年的分红总额显示,基于当前股价US$144.04,Target的股息率为3.1%。股息对许多股东来说是重要的收入来源,但企业的健康状况对维持这些股息非常关键。这就是为什么我们应该始终检查股息支付是否可持续,以及公司是否在增长。
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. That's why it's good to see Target paying out a modest 49% of its earnings. 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. Fortunately, it paid out only 44% of its free cash flow in the past year.
股息通常是由公司的收入支付的,因此,如果公司分红的数量超过了其赚取的数量,那么其股息通常面临更高的被削减风险。这就是为什么Target支付的盈利正在不断增加。话虽如此,即使是盈利丰厚的公司有时也可能无法产生足够的现金支付股息,这就是为什么我们始终应该检查股息是否已由现金流覆盖。幸运的是,过去一年中它只支付了自由现金流的44%。事实上,Target股息既可由利润也可由现金流覆盖,这通常是分红可持续的标志,低的股息支付比率通常意味着在分红削减之前会有更大的安全边际。
It's positive to see that Target'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.
我们很高兴看到Target的股息不仅由利润而且由现金流覆盖,因为这通常是股息可持续的标志,较低的股息支付比率通常意味着在股息被削减之前存在更大的安全边际。
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?
Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If earnings fall far enough, the company could be forced to cut its dividend. Fortunately for readers, Target's earnings per share have been growing at 10% a year for the past five years. Earnings per share are growing rapidly and the company is keeping more than half of its earnings within the business; an attractive combination which could suggest the company is focused on reinvesting to grow earnings further. This will make it easier to fund future growth efforts and we think this is an attractive combination - plus the dividend can always be increased later.
业务增长前景强劲的企业通常是最好的股息支付者,因为当每股收益率提高时,增加股息更容易。如果收益下降到一定程度,公司可能会被迫削减股息。值得读者欣慰的是,在过去的五年中,Target的每股收益率以每年10%的速度增长。每股收益率正在迅速增长,公司正在将其超过一半的收益保留在企业内部;这是一个有吸引力的组合,可以表明公司专注于投资以进一步增长收益。这将使未来的增长努力更加容易,并且我们认为这是一个有吸引力的组合 - 股息随后可以增加。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Target has delivered an average of 10% per year annual increase in its dividend, based on the past 10 years of dividend payments. It's exciting to see that both earnings and dividends per share have grown rapidly over the past few years.
衡量公司的股息前景的另一个关键方法是测量其历史股息增长率。基于过去10年的分红支付,Target的股息年增长率平均为10%。令人兴奋的是,在过去的几年中,每股收益和每股股息均以快速增长。
To Sum It Up
总结一下
Is Target worth buying for its dividend? We love that Target 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. Overall we think this is an attractive combination and worthy of further research.
购买Target股票的股息是否值得?我们喜欢看到Target在增长其业务的同时支付了较低的盈利和现金流百分比。这些特征表明该公司正在重新投资以发展其业务,同时保守的股息支付比率也意味着股息被削减的风险降低。总体而言,我们认为这是一个有吸引力的组合,值得进一步研究。
On that note, you'll want to research what risks Target is facing. For example - Target has 2 warning signs we think you should be aware of.
在此基础上,您需要了解Target面临哪些风险。例如-Target有2个警示标志,我们认为您应该了解一下。
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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