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Three Days Left Until Shandong Shengli Co., Ltd. (SZSE:000407) Trades Ex-Dividend

Three Days Left Until Shandong Shengli Co., Ltd. (SZSE:000407) Trades Ex-Dividend

距離山東勝利股份有限公司(深圳證券交易所代碼:000407)進行除息交易還剩三天
Simply Wall St ·  2023/07/11 07:26

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Shandong Shengli Co., Ltd. (SZSE:000407) 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 of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Thus, you can purchase Shandong Shengli's shares before the 14th of July in order to receive the dividend, which the company will pay on the 14th of July.

老讀者會知道我們喜歡Simply Wall St.的紅利,這就是為什麼看到山東勝利股份有限公司。(SZSE:000407)即將在未來3天內進行除股息交易。除股息日期是記錄日期之前的一個工作日,這是股東在公司賬面上有資格獲得股息支付的截止日期。除息日期是重要的,因為每當買賣一隻股票時,交易至少需要兩個工作日才能結算。因此,你可以在7月14日之前購買山東勝利的股票,以獲得公司將在7月14日支付的股息。

The company's upcoming dividend is CN¥0.02 a share, following on from the last 12 months, when the company distributed a total of CN¥0.02 per share to shareholders. Looking at the last 12 months of distributions, Shandong Shengli has a trailing yield of approximately 0.5% on its current stock price of CN¥3.7. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it's growing.

該公司即將發放的股息為每股0.02加元,而過去12個月,該公司共向股東分配了每股0.02加元的股息。看看過去12個月的分配情況,山東勝利目前的股價為3.7元,往績收益率約為0.5%。股息是長期持有者投資回報的主要貢獻者,但前提是繼續支付股息。我們需要看看股息是否由收益覆蓋,以及是否在增長。

See our latest analysis for Shandong Shengli

查看我們對山東勝利的最新分析

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. Shandong Shengli has a low and conservative payout ratio of just 12% of its income after tax. 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. Shandong Shengli paid out more free cash flow than it generated - 133%, to be precise - last year, which we think is concerningly high. It's hard to consistently pay out more cash than you generate without either borrowing or using company cash, so we'd wonder how the company justifies this payout level.

股息通常從公司利潤中支付,因此,如果一家公司支付的股息超過了它的收入,那麼它的股息通常被削減的風險更大。山東勝利的派息率很低,而且保守,僅佔其稅後收入的12%。這就是說,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。山東勝利去年支付的自由現金流超過了它產生的自由現金流--準確地說,是133%,我們認為這個數位高得令人擔憂。在不借入或不使用公司現金的情況下,很難持續支付比你產生的現金更多的現金,所以我們想知道公司如何證明這種支付水準是合理的。

Shandong Shengli paid out less in dividends than it reported in profits, but unfortunately it didn't generate enough cash to cover the dividend. Were this to happen repeatedly, this would be a risk to Shandong Shengli's ability to maintain its dividend.

山東勝利支付的股息少於其公佈的利潤,但不幸的是,它沒有產生足夠的現金來支付股息。如果這種情況反覆發生,這將對山東勝利維持股息的能力構成風險。

Click here to see how much of its profit Shandong Shengli paid out over the last 12 months.

點擊這裡查看山東勝利在過去12個月裡支付了多少利潤。

historic-dividend
SZSE:000407 Historic Dividend July 10th 2023
深圳證券交易所:000407歷史性紅利2023年7月10日

Have Earnings And Dividends Been Growing?

盈利和股息一直在增長嗎?

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. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. For this reason, we're glad to see Shandong Shengli's earnings per share have risen 18% per annum over the last five years. Earnings have been growing at a decent rate, but we're concerned dividend payments consumed most of the company's cash flow over the past year.

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。投資者喜歡分紅,所以如果收益下降,股息減少,預計一隻股票將同時被大量拋售。出於這個原因,我們很高興地看到,山東勝利的每股收益在過去五年裡每年增長18%。收益一直在以不錯的速度增長,但我們擔心,在過去的一年裡,股息支付消耗了公司的大部分現金流。

The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Shandong Shengli's dividend payments are broadly unchanged compared to where they were seven years ago.

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。與七年前相比,山東勝利的股息支付大致保持不變。

The Bottom Line

底線

Is Shandong Shengli worth buying for its dividend? We like that Shandong Shengli has been successfully growing its earnings per share at a nice rate and reinvesting most of its profits in the business. However, we note the high cashflow payout ratio with some concern. In summary, it's hard to get excited about Shandong Shengli from a dividend perspective.

山東勝利值得為其股息買入嗎?我們喜歡山東勝利成功地以不錯的速度增長每股收益,並將大部分利潤再投資於該業務。然而,我們注意到較高的現金流支付率,並有一些擔憂。綜上所述,從分紅的角度來看,很難對山東勝利感到興奮。

So while Shandong Shengli looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. To that end, you should learn about the 3 warning signs we've spotted with Shandong Shengli (including 2 which make us uncomfortable).

因此,儘管山東勝利從分紅角度看起來不錯,但瞭解這只股票所涉及的風險始終是值得的。為此,您應該瞭解3個警示標誌我們已經看到了山東勝利(包括讓我們感到不舒服的兩個)。

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。在這裡你可以找到高收益股息股的完整名單。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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.

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。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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