Should Income Investors Look At Four Seas Mercantile Holdings Limited (HKG:374) Before Its Ex-Dividend?
Should Income Investors Look At Four Seas Mercantile Holdings Limited (HKG:374) Before Its Ex-Dividend?
Four Seas Mercantile Holdings Limited (HKG:374) is about to trade ex-dividend in the next four 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. In other words, investors can purchase Four Seas Mercantile Holdings' shares before the 2nd of September in order to be eligible for the dividend, which will be paid on the 25th of September.
Four Seas Mercantile Holdings Limited(HKG:374)将在接下来的四天内进行除息交易。通常,除息日是股东资格股息的截止日期的前一个交易日。这一日子很重要,因为无论何时买卖股票,交易至少需要两个工作日才会完成。换句话说,投资者可以在9月2日前购买Four Seas Mercantile Holdings的股票,以符合分红资格,分红将于9月25日支付。
The company's upcoming dividend is HK$0.065 a share, following on from the last 12 months, when the company distributed a total of HK$0.095 per share to shareholders. Last year's total dividend payments show that Four Seas Mercantile Holdings has a trailing yield of 3.8% on the current share price of HK$2.50. 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.
公司即将发放的红利为每股港元0.065,继续之前12个月的情况,公司每股总共派发了港元0.095给股东。去年的总红利支付显示,Four Seas Mercantile Holdings的尾随收益率为当前港元2.50的股价为3.8%。红利对许多股东来说是一项重要的收入来源,但公司的健康状况对于维持这些红利至关重要。这就是为什么我们应该始终检查红利支付是否可持续,以及公司是否在增长。
Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Four Seas Mercantile Holdings paid out 105% of its earnings, which is more than we're comfortable with, unless there are mitigating circumstances. 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. What's good is that dividends were well covered by free cash flow, with the company paying out 13% of its cash flow last year.
红利通常是由公司利润支付的,所以如果一家公司支付的金额超过其盈利金额,那么其红利的风险通常更大。Four Seas Mercantile Holdings支付了其盈利的105%,这比我们舒适的范围要多,除非有减轻情况。然而,现金流通常比利润更重要,用于评估红利的可持续性,因此我们应该始终检查公司是否有足够的现金来支付红利。好消息是,去年股息完全被自由现金流覆盖,公司支付了其现金流的13%。
It's disappointing to see that the dividend was not covered by profits, but cash is more important from a dividend sustainability perspective, and Four Seas Mercantile Holdings fortunately did generate enough cash to fund its dividend. If executives were to continue paying more in dividends than the company reported in profits, we'd view this as a warning sign. Extraordinarily few companies are capable of persistently paying a dividend that is greater than their profits.
看到红利未被利润覆盖令人失望,但从红利可持续性的角度来看,现金更为重要,而Four Seas Mercantile Holdings幸运地产生了足够的现金来支付其红利。如果高管继续支付的红利金额超过公司利润报告,我们将看作是一个警示信号。极少数公司有能力持续支付高于其利润的红利。
Click here to see how much of its profit Four Seas Mercantile Holdings paid out over the last 12 months.
点击这里查看四海商贸控股过去12个月内支付的利润比例。
![1724885099822](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240829/43027940-0-6633fb3fbb36ac28681d5e99bd8f5618.webp/bigjpg)
Have Earnings And Dividends Been Growing?
收益和股息一直在增长吗?
Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. If earnings fall far enough, the company could be forced to cut its dividend. This is why it's a relief to see Four Seas Mercantile Holdings earnings per share are up 2.8% per annum over the last five years.
通常,每股收益稳定增长的公司往往是最好的分红股,因为它们通常更容易增加每股分红。如果收益下降得足够厉害,公司可能被迫削减其股息。这就是为什么看到四海商贸控股过去五年每股收益年均增长2.8%是一种宽慰。
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Four Seas Mercantile Holdings has delivered an average of 1.7% per year annual increase in its dividend, based on the past 10 years of dividend payments.
大多数投资者评估公司股息前景的主要方法是检查历史的股息增长率。根据过去10年的股息支付情况,四海商贸控股的股息平均每年增长1.7%。
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。
Is Four Seas Mercantile Holdings an attractive dividend stock, or better left on the shelf? Earnings per share have grown modestly, and last year Four Seas Mercantile Holdings paid out a low percentage of its cash flow. However, its dividend payments were not well covered by profits. Overall, it's hard to get excited about Four Seas Mercantile Holdings from a dividend perspective.
四海商业控股是一只吸引人的股息股票,还是最好被搁置? 每股盈利有些增长,去年四海商业控股支付的现金流占比很低。然而,其股息支付并没有得到充分盈利的支持。 总的来说,从股息的角度来看,很难让人感到兴奋。
If you're not too concerned about Four Seas Mercantile Holdings's ability to pay dividends, you should still be mindful of some of the other risks that this business faces. Case in point: We've spotted 2 warning signs for Four Seas Mercantile Holdings you should be aware of.
如果你不太担心四海商业控股支付股息的能力,你仍然应该留意这家企业面临的其他风险。 举例来说:我们发现了四海商业控股的2个警示信号,你应该注意。
Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers.
一般来说,我们不建议仅仅购买第一个股息股票。下面是一个经过策划的有趣的、股息表现良好的股票清单。
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