Don't Race Out To Buy Jiangsu Sainty Corp., Ltd. (SHSE:600287) Just Because It's Going Ex-Dividend
Don't Race Out To Buy Jiangsu Sainty Corp., Ltd. (SHSE:600287) Just Because It's Going Ex-Dividend
Jiangsu Sainty Corp., Ltd. (SHSE:600287) stock is about to trade ex-dividend in three days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Thus, you can purchase Jiangsu Sainty's shares before the 29th of August in order to receive the dividend, which the company will pay on the 29th of August.
江秀克舜天股份有限公司(上海證券交易所:600287)股票三天後將進行除股息交易。除息日期通常被設定為記錄日期之前的一個工作日,也就是你必須作為股東出現在公司賬簿上才能獲得股息的截止日期。除息日期很重要,因為結算過程需要整整兩個工作日。因此,如果你錯過了那個日期的預期,你就不會在記錄日期出現在公司的賬簿上。因此,你可以在8月29日之前購買江秀克舜天的股票,以獲得公司將在8月29日支付的股息。
The company's next dividend payment will be CN¥0.09 per share, on the back of last year when the company paid a total of CN¥0.09 to shareholders. Based on the last year's worth of payments, Jiangsu Sainty stock has a trailing yield of around 1.7% on the current share price of CN¥5.2. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to check whether the dividend payments are covered, and if earnings are growing.
該公司下一次派息將為每股0.09加元,而去年公司向股東支付的股息總額為0.09加元。根據去年的支付金額,江秀克舜天股票的往績收益率約為1.7%,目前股價為人民幣5.2元。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。因此,我們需要檢查股息支付是否得到覆蓋,以及收益是否在增長。
View our latest analysis for Jiangsu Sainty
查看我們對江秀克舜天的最新分析
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Jiangsu Sainty paid out more than half (64%) of its earnings last year, which is a regular payout ratio for most companies. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. Over the last year it paid out 64% of its free cash flow as dividends, within the usual range for most companies.
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。江秀克舜天去年支付了超過一半的收益(64%),這是大多數公司的常規派息比率。然而,對於評估股息而言,現金流甚至比利潤更重要,因此我們需要看看公司是否產生了足夠的現金來支付分配。去年,它支付了64%的自由現金流作為股息,這在大多數公司的通常範圍內。
It's positive to see that Jiangsu Sainty'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.
江秀克舜天的股息同時由利潤和現金流覆蓋,這是積極的,因為這通常是股息可持續的跡象,較低的派息率通常意味著在股息削減之前有更大的安全邊際。
Click here to see how much of its profit Jiangsu Sainty paid out over the last 12 months.
點擊這裡查看江秀克舜天在過去12個月中支付了多少利潤。
![historic-dividend](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20230826/0-4f4aea8f4eebf9503508223163a4ba02-0-b2f36df99b6bcebc062f05f10a3c5e13.png/big)
Have Earnings And Dividends Been Growing?
盈利和股息一直在增長嗎?
Businesses with shrinking earnings are tricky from a dividend perspective. If earnings fall far enough, the company could be forced to cut its dividend. So we're not too excited that Jiangsu Sainty's earnings are down 4.8% a year over the past five years.
從分紅的角度來看,收益縮水的企業很棘手。如果收益降幅足夠大,該公司可能會被迫削減股息。因此,我們對江秀克舜天過去五年的收入每年下降4.8%並不是太興奮。
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Since the start of our data, 10 years ago, Jiangsu Sainty has lifted its dividend by approximately 8.4% a year on average. Growing the dividend payout ratio while earnings are declining can deliver nice returns for a while, but it's always worth checking for when the company can't increase the payout ratio any more - because then the music stops.
許多投資者將通過評估一家公司的股息支付隨著時間的推移發生了多大變化來評估公司的股息表現。自10年前開始我們的數據以來,江秀克舜天的股息平均每年提高約8.4%。在收益下降的同時提高股息支付率可以在一段時間內帶來不錯的回報,但當公司無法再提高支付率時,總是值得檢查的--因為那時音樂就會停止。
Final Takeaway
最終外賣
Should investors buy Jiangsu Sainty for the upcoming dividend? While earnings per share are shrinking, it's encouraging to see that at least Jiangsu Sainty's dividend appears sustainable, with earnings and cashflow payout ratios that are within reasonable bounds. It's not the most attractive proposition from a dividend perspective, and we'd probably give this one a miss for now.
投資者應該為即將到來的股息買入江秀克舜天嗎?雖然每股收益在縮水,但令人鼓舞的是,至少江秀克舜天的股息似乎是可持續的,盈利和現金流支付率都在合理範圍內。從分紅的角度來看,這不是最具吸引力的提議,目前我們可能不會對這一提議抱有期望。
So if you're still interested in Jiangsu Sainty despite it's poor dividend qualities, you should be well informed on some of the risks facing this stock. For example, we've found 3 warning signs for Jiangsu Sainty (1 is significant!) that deserve your attention before investing in the shares.
因此,如果你仍然對江秀克舜天感興趣,儘管它的股息質量很差,你應該很清楚這只股票面臨的一些風險。例如,我們發現江秀克舜天的三個警示標誌(1很重要!)在投資股票之前,這些問題值得你關注。
If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.
如果您正在尋找強大的股息支付者,我們建議查看我們精選的頂級股利股票。
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,地址是暗示Wallst.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.