Do These 3 Checks Before Buying East Group Co.,Ltd (SZSE:300376) For Its Upcoming Dividend
Do These 3 Checks Before Buying East Group Co.,Ltd (SZSE:300376) For Its Upcoming Dividend
East Group Co.,Ltd (SZSE:300376) is about to trade ex-dividend in the next 2 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 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. Meaning, you will need to purchase East GroupLtd's shares before the 17th of July to receive the dividend, which will be paid on the 17th of July.
東方集團股份有限公司（SZSE: 300376）將於未來2天內交易除息。除息日是比記錄日早一天的營業日，這是股東要在公司賬簿上出現以有資格獲得分紅支付的截止日期。除息日是一個需要注意的重要日期，因爲在此日期之後或之後購買該股票可能意味着晚於記載日的結算。也就是說，您需要在7月17日之前購買東方集團有限公司的股票才能獲得在7月17日支付的股息。
The company's upcoming dividend is CN¥0.049 a share, following on from the last 12 months, when the company distributed a total of CN¥0.049 per share to shareholders. Calculating the last year's worth of payments shows that East GroupLtd has a trailing yield of 2.1% on the current share price of CN¥2.29. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to investigate whether East GroupLtd can afford its dividend, and if the dividend could grow.
公司即將派發的股利爲人民幣0.049元/股，與之前12個月相比，該公司向股東派發了總計人民幣0.049元/股的股息。計算最近一年的支付金額表明，東方集團有限公司在當前人民幣2.29元/股的股價上擁有2.1％的業績回報率。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。因此，我們需要調查東方集團有限公司是否能夠負擔得起其股息，以及股息是否能夠增長。
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. East GroupLtd has a low and conservative payout ratio of just 23% of its income after tax. A useful secondary check can be to evaluate whether East GroupLtd generated enough free cash flow to afford its dividend. It paid out 92% of its free cash flow in the form of dividends last year, which is outside the comfort zone for most businesses. Cash flows are usually much more volatile than earnings, so this could be a temporary effect - but we'd generally want to look more closely here.
如果公司支付的股息高於其收益，則該股息可能變得不可持續——這絕非理想情況。東方集團有限公司的股息支付率僅爲其稅後收入的23％，非常保守。可以進行有用的第二次檢查是評估東方集團有限公司是否產生足夠的自由現金流來支付其股息。去年，它支付了92％的自由現金流形式的股息，這超出了大多數業務的舒適區域。現金流通常比收益率更加波動，因此這可能是一種暫時的影響，但我們通常需要更仔細地研究這裏。
East GroupLtd 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 East GroupLtd's ability to maintain its dividend.
東方集團有限公司支付的股息比其報告的利潤少，但不幸的是，它沒有產生足夠的現金來支付股息。如果這種情況再次發生，這將是東方集團有限公司維持其股息能力的風險。
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。
Have Earnings And Dividends Been Growing?
收益和股息一直在增長嗎？
When earnings decline, dividend companies become much harder to analyse and own safely. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. So we're not too excited that East GroupLtd's earnings are down 2.2% a year over the past five years.
當收益下降時，股息公司變得更加難以分析和安全持有。如果企業進入衰退並削減股息，則公司的價值可能會急劇下降。因此，我們並不太激動東方集團有限公司的盈利在過去五年中每年下降2.2％。
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Since the start of our data, 10 years ago, East GroupLtd has lifted its dividend by approximately 11% a year on average.
大多數投資者評估公司的股息前景的主要方法是檢查歷史的股息增長率。自我們的數據開始以來，10年中，東方集團有限公司的股息平均每年增長約11％。
To Sum It Up
總結一下
Is East GroupLtd an attractive dividend stock, or better left on the shelf? East GroupLtd's earnings per share have fallen noticeably and, although it paid out less than half its profit as dividends last year, it paid out a disconcertingly high percentage of its cashflow, which is not a great combination. Overall it doesn't look like the most suitable dividend stock for a long-term buy and hold investor.
東方集團有限公司是否是一種有吸引力的股息股票，還是最好放在架子上？東方集團有限公司的每股收益已明顯下降，儘管去年其支付的股息不到利潤的一半，但它支付了一個令人不安的高比例的現金流，這不是一個很好的組合。整體而言，對於長期購買和持有的投資者來說，它看起來並不是最合適的股息股票。
With that in mind though, if the poor dividend characteristics of East GroupLtd don't faze you, it's worth being mindful of the risks involved with this business. For example, we've found 2 warning signs for East GroupLtd that we recommend you consider before investing in the business.
有了這個想法，如果你不會因東方集團有限公司的糟糕的股息特性而感到煩惱，那麼你值得注意與此業務涉及的風險。例如，我們已經發現了2個有關東方集團有限公司的警示信息，建議您在投資該業務之前進行考慮。
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個有趣的股票。在這裏，您可以找到高股息股票的完整列表。
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.
對本文有反饋？對內容感到擔憂？請直接與我們聯繫。或者，發送電子郵件至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
對本文有反饋？對內容感到擔憂？請直接與我們聯繫。或者，發送電子郵件至editorial-team@simplywallst.com。