Income Investors Should Know That Paychex, Inc. (NASDAQ:PAYX) Goes Ex-Dividend Soon
Income Investors Should Know That Paychex, Inc. (NASDAQ:PAYX) Goes Ex-Dividend Soon
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Paychex, Inc. (NASDAQ:PAYX) is about to trade ex-dividend in the next four days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible 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. Thus, you can purchase Paychex's shares before the 8th of August in order to receive the dividend, which the company will pay on the 29th of August.
熟悉我們Simply Wall St的讀者將會知道我們喜歡股息,因此看到Paychex, Inc. (NASDAQ:PAYX) 即將在未來四天內交易除權除息,感覺很興奮。通常,除權除息日是記錄股東有資格收到分紅的日期之前一個營業日。除權除息日很重要,因爲任何股票交易都必須在記錄日期之前結算,才能有資格獲得分紅。因此,你可以在8月8日之前購買Paychex的股票,以獲得該公司將於8月29日支付的分紅。
The company's next dividend payment will be US$0.98 per share. Last year, in total, the company distributed US$3.92 to shareholders. Last year's total dividend payments show that Paychex has a trailing yield of 3.1% on the current share price of US$127.28. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
該公司下次的股息支付將爲每股0.98美元。去年,該公司總共向股東派發了3.92美元。去年的股息分紅總額顯示,以當前的股票價格127.28美元計算,Paychex的股息收益率爲3.1%。對於長揸者而言,股息是投資回報的主要組成部分,但前提是持續支付股息。因此,我們應該始終檢查股息支付是否可持續,以及公司是否在增長。
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. It paid out 78% of its earnings as dividends last year, which is not unreasonable, but limits reinvestment in the business and leaves the dividend vulnerable to a business downturn. It could become a concern if earnings started to decline. A useful secondary check can be to evaluate whether Paychex generated enough free cash flow to afford its dividend. Over the last year, it paid out more than three-quarters (76%) of its free cash flow generated, which is fairly high and may be starting to limit reinvestment in the business.
股息通常是由公司利潤支付的,因此,如果公司支付的金額超過其賺取的利潤,那麼其股息就有被削減的風險。去年,該公司將78%的收益作爲股息支付,這是不過分的,但限制了對業務的再投資,使股息容易受到業務下滑的影響。如果盈利開始下降,這可能成爲一個問題。一個有用的第二個檢查是評估Paychex是否產生足夠的自由現金流來支付其股息。在過去的一年中,該公司支付的股息超過了其生成的自由現金流的四分之三(76%),這是相當高的,可能開始限制公司的再投資。
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?
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. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. For this reason, we're glad to see Paychex's earnings per share have risen 10% per annum over the last five years. The company paid out most of its earnings as dividends over the last year, even though business is booming and earnings per share are growing rapidly. We're surprised that management has not elected to reinvest more in the business to accelerate growth further.
那些有持續盈利增長的公司的股票通常是最好的股息前景,因爲在收益增長時可以更容易地提高股息。如果盈利下降,公司被迫削減股息,投資者可能會看到他們的投資價值煙消雲散。出乎意料的是,儘管業務正在蓬勃發展,且每股收益正在迅速增長,該公司在過去一年中將大部分收益作爲股息支付。我們感到驚訝的是,管理層沒有選舉更多地再投資業務,加速進一步增長。
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. In the past 10 years, Paychex has increased its dividend at approximately 11% a year on average. It's exciting to see that both earnings and dividends per share have grown rapidly over the past few years.
許多投資者將評估公司股息表現的方式是評估股息支付有多少改變。在過去的十年中,Paychex的股息平均每年增長約11%。令人振奮的是,過去幾年中每股盈利和股息都快速增長。
To Sum It Up
總結一下
From a dividend perspective, should investors buy or avoid Paychex? Higher earnings per share generally lead to higher dividends from dividend-paying stocks over the long run. That's why we're glad to see Paychex's earnings per share growing, although as we saw, the company is paying out more than half of its earnings and cashflow - 78% and 76% respectively. Overall, it's hard to get excited about Paychex from a dividend perspective.
從股息的角度考慮,投資者應該購買Paychex的股票還是避開呢?一般而言,每股收益越高,股息支付股票的股息也越高。這就是爲什麼我們很高興看到Paychex的每股收益在增長,儘管正如我們所看到的,該公司正在支付超過其收益和現金流的一半——分別爲78%和76%。總之,從股息的角度考慮,很難對Paychex感到興奮。
With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. For example - Paychex has 1 warning sign we think you should be aware of.
因此,全面研究股票時的關鍵部分之一是了解該股票目前面臨的任何風險。例如,Paychex有1個警告信號,我們認爲你應該意識到。
Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers.
一般來說,我們不建議僅僅購買第一個股息股票。下面是一個經過策劃的有趣的、股息表現良好的股票清單。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。