It looks like Jiangsu Sunshine Co., Ltd. (SHSE:600220) is about to go ex-dividend in the next couple of days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Meaning, you will need to purchase Jiangsu Sunshine's shares before the 20th of July to receive the dividend, which will be paid on the 20th of July.
The company's next dividend payment will be CN¥0.02 per share, on the back of last year when the company paid a total of CN¥0.02 to shareholders. Last year's total dividend payments show that Jiangsu Sunshine has a trailing yield of 0.6% on the current share price of CN¥3.09. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether Jiangsu Sunshine has been able to grow its dividends, or if the dividend might be cut.
See our latest analysis for Jiangsu Sunshine
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Jiangsu Sunshine is paying out just 20% of its profit after tax, which is comfortably low and leaves plenty of breathing room in the case of adverse events. 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. What's good is that dividends were well covered by free cash flow, with the company paying out 22% of its cash flow last year.
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.
Click here to see how much of its profit Jiangsu Sunshine paid out over the last 12 months.
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SHSE:600220 Historic Dividend July 18th 2022
Have Earnings And Dividends Been Growing?
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. With that in mind, we're encouraged by the steady growth at Jiangsu Sunshine, with earnings per share up 3.1% on average over the last five years. Jiangsu Sunshine is retaining more than three-quarters of its earnings and has a history of generating some growth in earnings. We think this is a reasonable combination.
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Jiangsu Sunshine has seen its dividend decline 13% per annum on average over the past three years, which is not great to see. Jiangsu Sunshine is a rare case where dividends have been decreasing at the same time as earnings per share have been improving. It's unusual to see, and could point to unstable conditions in the core business, or more rarely an intensified focus on reinvesting profits.
To Sum It Up
From a dividend perspective, should investors buy or avoid Jiangsu Sunshine? Earnings per share have been growing moderately, and Jiangsu Sunshine is paying out less than half its earnings and cash flow as dividends, which is an attractive combination as it suggests the company is investing in growth. It might be nice to see earnings growing faster, but Jiangsu Sunshine is being conservative with its dividend payouts and could still perform reasonably over the long run. There's a lot to like about Jiangsu Sunshine, and we would prioritise taking a closer look at it.
In light of that, while Jiangsu Sunshine has an appealing dividend, it's worth knowing the risks involved with this stock. Every company has risks, and we've spotted 4 warning signs for Jiangsu Sunshine (of which 2 don't sit too well with us!) you should know about.
A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks.
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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.
看起來像是江蘇陽光股份有限公司。(上海證券交易所股票代碼:600220)將在未來幾天內除息。除息日期發生在記錄日期的前一天,也就是股東需要登記在公司賬面上才能獲得股息的日期。重要的是要知道除息日期,因為股票的任何交易都需要在記錄日期或之前結算。這意味着,你需要在7月20日之前購買江蘇陽光的股票才能獲得股息,股息將於7月20日支付。
該公司下一次派息將為每股0.02加元,而去年公司向股東支付的股息總額為0.02加元。去年的股息支付總額顯示,江蘇陽光的往績收益率為0.6%,目前的股價為3.09元。對許多股東來説,股息是一個重要的收入來源,但企業的健康狀況對維持這些股息至關重要。因此,讀者應該始終查看江蘇陽光是否能夠增加股息,或者股息是否可能被削減。
查看我們對江蘇陽光的最新分析
如果一家公司支付的股息超過了它賺取的股息,那麼股息可能會變得不可持續--這幾乎不是一個理想的情況。江蘇陽光只支付了税後利潤的20%,這是一個令人欣慰的低水平,併為應對不利事件留下了很大的喘息空間。這就是説,即使是高利潤的公司有時也可能無法產生足夠的現金來支付股息,這就是為什麼我們應該總是檢查股息是否由現金流覆蓋。值得慶幸的是,自由現金流很好地覆蓋了股息,該公司去年支付了22%的現金流。
看到利潤和現金流都涵蓋了股息,這是令人鼓舞的。這通常表明,只要收益不會急劇下降,股息是可持續的。
點擊這裏查看江蘇陽光在過去12個月中支付了多少利潤。
![historic-dividend](https://usnewsfile.futunn.com/pic/0-12579014-0-7aa506eb1a5d8c3d66ed066e4e3d0f35.png/big)
上證綜指:600220歷史性股息2022年7月18日
盈利和股息一直在增長嗎?
產生可持續收益增長的公司的股票往往是最好的股息前景,因為當收益上升時,提高股息更容易。如果收益降幅足夠大,該公司可能會被迫削減股息。考慮到這一點,我們對江蘇陽光的穩步增長感到鼓舞,過去五年每股收益平均增長3.1%。江蘇陽光目前保留了逾四分之三的盈利,並有盈利增長的歷史。我們認為這是一個合理的組合。
大多數投資者評估一家公司的股息前景的主要方式是檢查歷史上的股息增長率。過去三年,江蘇陽光的股息平均每年下降13%,情況並不樂觀。江蘇陽光是一個罕見的案例,它的股息一直在下降,而每股收益卻在改善。這是不尋常的,可能表明核心業務狀況不穩定,或者更罕見的是,對利潤再投資的關注加劇。
總結一下
從分紅角度看,投資者應該買入江蘇陽光還是避開江蘇陽光?每股收益一直在温和增長,江蘇陽光以股息的形式支付不到一半的收益和現金流,這是一個有吸引力的組合,因為它表明該公司正在投資於增長。盈利增長更快或許是件好事,但江蘇陽光對股息支付持保守態度,長期來看仍有可能表現合理。江蘇陽光有很多值得喜歡的地方,我們會優先仔細看看。
有鑑於此,儘管江蘇陽光擁有誘人的股息,但瞭解這隻股票所涉及的風險是值得的。每家公司都有風險,我們已經發現江蘇陽光四大警示標誌(其中兩個與我們坐在一起不太好!)你應該知道。
一個常見的投資錯誤是購買你看到的第一隻有趣的股票。在這裏你可以找到高收益股息股的完整名單。
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。