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Dividend Investors: Don't Be Too Quick To Buy Karin Technology Holdings Limited (SGX:K29) For Its Upcoming Dividend

Dividend Investors: Don't Be Too Quick To Buy Karin Technology Holdings Limited (SGX:K29) For Its Upcoming Dividend

股息投资者:不要急于买入卡林科技控股有限公司(新加坡交易所:K29)即将发放的股息
Simply Wall St ·  11/01 18:54

Karin Technology Holdings Limited (SGX:K29) is about to trade ex-dividend in the next 4 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 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 Karin Technology Holdings' shares on or after the 6th of November, you won't be eligible to receive the dividend, when it is paid on the 20th of November.

Karin Technology Holdings Limited (SGX:K29)将在接下来的4天内开始交易除息。 除息日期在股权登记日的前一业务日,这是股东在公司账簿上登记用于获得分红支付资格的截止日期。 除息日期很重要,因为任何股票交易需要在股权登记日前结算才能获得分红资格。 因此,如果您在11月6日之后购买Karin Technology Holdings的股票,您将不符合分红资格,该分红将于11月20日支付。

The company's next dividend payment will be HK$0.0388 per share. Last year, in total, the company distributed HK$0.088 to shareholders. Based on the last year's worth of payments, Karin Technology Holdings stock has a trailing yield of around 4.7% on the current share price of S$0.315. 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.

公司的下一个分红将是每股HK$0.0388。去年,公司总共向股东分配了HK$0.088。 基于去年的支付总额,Karin Technology Holdings股票在当前股价S$0.315上的回报率约为4.7%。 分红是长期持有者投资回报的主要贡献者,但仅当分红持续支付时才是如此。 这就是为什么我们应该始终检查分红是否可持续,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. Last year, Karin Technology Holdings paid out 100% of its income as dividends, which is above a level that we're comfortable with, especially if the company needs to reinvest in its business. 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. It distributed 34% of its free cash flow as dividends, a comfortable payout level for most companies.

分红通常是用公司利润支付的,因此如果公司支付金额超过其收入,则其分红通常更容易被削减。 去年,Karin Technology Holdings将其收入的100%作为分红支付,这超出了我们的舒适水平,尤其是如果公司需要再投资业务。 然而,现金流通常比利润更重要,用于评估分红持续性,因此我们应始终检查公司是否有足够的现金来支付分红。 它将其自由现金流的34%作为分红支付,对大多数公司来说是一个合理的支付水平。

It's good to see that while Karin Technology Holdings's dividends were not well covered by profits, at least they are affordable from a cash perspective. Still, if this were to happen repeatedly, we'd be concerned about whether the dividend is sustainable in a downturn.

很高兴看到,虽然Karin Technology Holdings的分红并不完全以利润为基础,但从现金角度来看,它们至少是可负担的。 尽管如此,如果这种情况反复发生,我们将担心在经济衰退中分红是否可持续。

Click here to see how much of its profit Karin Technology Holdings paid out over the last 12 months.

点击这里查看Karate Technology Holdings在过去12个月内支付了多少利润。

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SGX:K29 Historic Dividend November 1st 2024
SGX:K29 2024年11月1日历史分红

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. With that in mind, we're discomforted by Karin Technology Holdings's 10% per annum decline in earnings in the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend.

当盈利下降时,分红公司变得更难分析和安全拥有。投资者喜爱分红,因此如果盈利下滑并且分红减少,可以预期股票会被大量抛售。考虑到这一点,我们对Karin Technology Holdings过去五年中每年盈利下降10%感到不安。如此急剧的下降让人对分红的未来持续性产生疑虑。

The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Karin Technology Holdings has seen its dividend decline 4.9% per annum on average over the past 10 years, which is not great to see. It's never nice to see earnings and dividends falling, but at least management has cut the dividend rather than potentially risk the company's health in an attempt to maintain it.

大多数投资者评估一家公司的分红前景的主要方式是检查历史分红增长率。Karin Technology Holdings过去10年的平均分红下降了4.9%,这看起来不太乐观。看到盈利和分红下降从来不是好事,但至少管理层已经削减了分红,而不是为了维持分红而潜在风险公司的健康。

To Sum It Up

总结一下

Is Karin Technology Holdings worth buying for its dividend? It's never great to see earnings per share declining, especially when a company is paying out 100% of its profit as dividends, which we feel is uncomfortably high. However, the cash payout ratio was much lower - good news from a dividend perspective - which makes us wonder why there is such a mis-match between income and cashflow. It's not that we think Karin Technology Holdings is a bad company, but these characteristics don't generally lead to outstanding dividend performance.

Karin Technology Holdings 值得购买分红吗? 公司的每股盈利下降,特别是当一家公司支付100%的利润作为分红时,这种情况通常并不理想,我们觉得这是一个不太好的现象。然而,现金支付比率要低得多 - 从分红的角度看是个好消息 - 这让我们想知道为什么公司的收入和现金流之间存在如此大的不匹配。 我们并不认为 Karin Technology Holdings 是一家糟糕的公司,但这些特征通常不会带来出色的分红表现。

With that being said, if you're still considering Karin Technology Holdings as an investment, you'll find it beneficial to know what risks this stock is facing. To that end, you should learn about the 4 warning signs we've spotted with Karin Technology Holdings (including 1 which shouldn't be ignored).

话虽如此,如果您仍在考虑将 Karin Technology Holdings 作为投资对象,了解这支股票面临的风险将会很有帮助。 因此,您应该了解我们在 Karin Technology Holdings 发现的4个警示信号(其中一个不容忽视)。

A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks.

一个常见的投资错误是购买你看到的第一个有趣的股票。在这里,您可以找到高股息股票的完整列表。

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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.

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