Dividend Investors: Don't Be Too Quick To Buy Regional Management Corp. (NYSE:RM) For Its Upcoming Dividend
Dividend Investors: Don't Be Too Quick To Buy Regional Management Corp. (NYSE:RM) For Its Upcoming Dividend
Regional Management Corp. (NYSE:RM) stock is about to trade ex-dividend in 3 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. 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. In other words, investors can purchase Regional Management's shares before the 21st of February in order to be eligible for the dividend, which will be paid on the 14th of March.
區域管理公司(紐約證券交易所代碼:RM)的股票即將在3天后進行除息交易。除息日發生在記錄日期的前一天,即股東需要在公司賬簿上登記才能獲得股息的日子。除息日很重要,因爲任何股票交易都需要在記錄日期之前結算才有資格獲得股息。換句話說,投資者可以在2月21日之前購買區域管理公司的股票,以便有資格獲得股息,股息將於3月14日支付。
The company's upcoming dividend is US$0.30 a share, following on from the last 12 months, when the company distributed a total of US$1.20 per share to shareholders. Based on the last year's worth of payments, Regional Management has a trailing yield of 5.2% on the current stock price of US$23.24. If you buy this business for its dividend, you should have an idea of whether Regional Management's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.
該公司即將派發的股息爲每股0.30美元,此前該公司向股東共分配了每股1.20美元。根據去年的付款額,區域管理的尾隨收益率爲5.2%,而當前股價爲23.24美元。如果你收購這家企業是爲了分紅,你應該知道區域管理的股息是否可靠和可持續。因此,我們需要檢查股息支付是否包括在內,以及收益是否在增長。
Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. Regional Management paid out more than half (71%) of its earnings last year, which is a regular payout ratio for most companies.
股息通常由公司收益支付。如果一家公司支付的股息超過其利潤,那麼分紅可能是不可持續的。區域管理層去年支付了其收益的一半以上(71%),這是大多數公司的常規派息率。
Companies that pay out less in dividends than they earn in profits generally have more sustainable dividends. The lower the payout ratio, the more wiggle room the business has before it could be forced to cut the dividend.
支付的股息少於利潤的公司通常會獲得更可持續的股息。派息率越低,企業在被迫削減股息之前的迴旋餘地就越大。
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
點擊此處查看該公司的派息率,以及分析師對其未來股息的估計。
Have Earnings And Dividends Been Growing?
收益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. With that in mind, we're discomforted by Regional Management's 12% per annum decline in earnings in the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend.
從股息的角度來看,收益萎縮的企業很棘手。如果收益下降得足夠遠,該公司可能被迫削減股息。考慮到這一點,我們對區域管理在過去五年中每年的收益下降12%感到不安。如此急劇的下降使人們對股息的未來可持續性產生了懷疑。
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Regional Management has delivered an average of 14% per year annual increase in its dividend, based on the past three years of dividend payments. 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.
大多數投資者評估公司股息前景的主要方式是查看歷史股息增長率。根據過去三年的股息支付,區域管理層的股息平均每年增長14%。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,但是總值得檢查一下公司何時無法再提高派息率——因爲那樣音樂就會停止。
Final Takeaway
最後的外賣
Is Regional Management worth buying for its dividend? Earnings per share have been declining and the company is paying out more than half its profits to shareholders; not an enticing combination. Regional Management doesn't appear to have a lot going for it, and we're not inclined to take a risk on owning it for the dividend.
區域管理的股息值得購買嗎?每股收益一直在下降,該公司向股東支付了一半以上的利潤;這不是一個誘人的組合。區域管理層似乎沒有太多選擇,我們也不傾向於冒險擁有它來獲得股息。
Although, if you're still interested in Regional Management and want to know more, you'll find it very useful to know what risks this stock faces. To that end, you should learn about the 4 warning signs we've spotted with Regional Management (including 1 which is a bit concerning).
但是,如果你仍然對區域管理感興趣並想了解更多,你會發現了解這隻股票面臨的風險非常有用。爲此,你應該了解我們在區域管理中發現的4個警告信號(其中一個有點令人擔憂)。
If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.
如果您在市場上尋找強勁的股息支付者,我們建議您查看我們精選的頂級股息股票。
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。