Guangdong Investment Limited (HKG:270) Pays A HK$0.1233 Dividend In Just Four Days
Guangdong Investment Limited (HKG:270) Pays A HK$0.1233 Dividend In Just Four Days
Guangdong Investment Limited (HKG:270) is about to trade ex-dividend in the next four 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 an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. This means that investors who purchase Guangdong Investment's shares on or after the 26th of June will not receive the dividend, which will be paid on the 25th of July.
廣東投資有限公司(HKG:270)將在未來4天內進行除息交易。除息交易日通常設定爲記錄日的前一天,記錄日是您必須以股東身份出現在公司賬簿上方可獲得股息的截止日期。除權除息日是需要注意的重要日期,因爲在該日期或之後購買股票可能導致延遲結算,無法在記錄日顯示。這意味着,在6月26日或之後購買廣東投資的股票的投資者將無法獲得於7月25日支付的股息。
The company's next dividend payment will be HK$0.1233 per share, and in the last 12 months, the company paid a total of HK$0.31 per share. Calculating the last year's worth of payments shows that Guangdong Investment has a trailing yield of 6.9% on the current share price of HK$4.52. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing.
公司的下一個派息數是每股0.1233港元,在過去的12個月中,公司每股支付了總計0.31港元。計算去年的派息金額表明,在目前股價4.52港元的情況下,廣東投資的股息率爲6.9%。股息是許多股東的重要收入來源,但業務的健康狀況對於維持這些股息至關重要。我們需要看看股息是否被盈利覆蓋以及它是否在增長。
Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Guangdong Investment is paying out an acceptable 65% of its profit, a common payout level among most companies. 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. Thankfully its dividend payments took up just 42% of the free cash flow it generated, which is a comfortable payout ratio.
通常,股利是用公司收入支付的,因此,如果公司支付的股利超過了其收入,其股利通常面臨較高的風險。廣東投資的股利佔利潤的比例爲65%,這是大多數公司常見的股利支付水平。話雖如此,即使是高盈利的公司有時也可能無法產生足夠的現金來支付股息,這就是爲什麼我們必須始終檢查股息是否被現金流覆蓋的原因。幸運的是,它的股息支付僅佔其自由現金流的42%,這是一個舒適的股利支付比率。
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.
看到股息既有盈利也有現金流的覆蓋是令人鼓舞的。這通常表明股息是可持續的,只要收益沒有急劇下降。
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
點擊此處查看公司的支付比率以及未來分紅的分析師預期。
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Have Earnings And Dividends Been Growing?
收益和股息一直在增長嗎?
Companies with falling earnings are riskier for dividend shareholders. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. Guangdong Investment's earnings per share have fallen at approximately 9.1% a year over the previous five years. When earnings per share fall, the maximum amount of dividends that can be paid also falls.
收益下降的公司對於股利股東來說風險更高。如果業務進入衰退並且派息被削減,則公司可能會看到其價值急劇下降。廣東投資的每股收益在過去的五年中以約9.1%的速度下降。當每股收益下降時,可以支付的最大股息金額也會下降。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. In the last 10 years, Guangdong Investment has lifted its dividend by approximately 3.0% 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.
衡量公司股息前景的另一個關鍵方法是通過測量其歷史股息增長率。在過去的10年中,廣東投資平均每年將其股息提高了約3.0%。在盈利下降的情況下增加股息支付比率可能會帶來不錯的回報,但始終值得檢查一下公司何時不能再增加股息支付比率 - 因爲這時音樂就要停了。
To Sum It Up
總結一下
Is Guangdong Investment an attractive dividend stock, or better left on the shelf? The payout ratios are within a reasonable range, implying the dividend may be sustainable. Declining earnings are a serious concern, however, and could pose a threat to the dividend in future. All things considered, we are not particularly enthused about Guangdong Investment from a dividend perspective.
廣東投資作爲一隻有吸引力的股息股票存不存在,還是應該放在架子上?股息支付比率處於合理範圍之內,表明股利可能是可持續的。然而,收益下降是一個嚴重的問題,並可能對未來的股息構成威脅。綜上所述,我們對於廣東投資的股息前景並不特別感興趣。
If you're not too concerned about Guangdong Investment's ability to pay dividends, you should still be mindful of some of the other risks that this business faces. In terms of investment risks, we've identified 3 warning signs with Guangdong Investment and understanding them should be part of your investment process.
如果你不太擔心廣東投資支付股息的能力,你仍然需要注意這家企業面臨的一些其他風險。在投資風險方面,我們已經確定了廣東投資的3個警示信號,了解它們應該是你的投資過程的一部分。
If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.
如果你在尋找強勁的股息支付者,我們建議查看我們的頂級股息股票選擇。
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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.
對本文有反饋?關於內容有所顧慮?直接和我們聯繫。或電郵 editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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