There's A Lot To Like About Standard Motor Products' (NYSE:SMP) Upcoming US$0.29 Dividend
There's A Lot To Like About Standard Motor Products' (NYSE:SMP) Upcoming US$0.29 Dividend
Standard Motor Products, Inc. (NYSE:SMP) is about to trade ex-dividend in the next 3 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 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. Meaning, you will need to purchase Standard Motor Products' shares before the 15th of August to receive the dividend, which will be paid on the 3rd of September.
標準電機制造(紐交所:SMP)將在未來的3天內分紅,紅股日是比記載日早一個工作日,這是指股東必需在持股登記日前出現在公司記錄中才有資格領取分紅。交易中的結算程序需要兩個完全的工作日。如果錯過了這個日期,您將不會出現在公司的賬簿上。這意味着您需要在8月15日之前購買標準電機制造的股票才能領取分紅,該分紅將於9月3日支付。
The company's next dividend payment will be US$0.29 per share, and in the last 12 months, the company paid a total of US$1.16 per share. Calculating the last year's worth of payments shows that Standard Motor Products has a trailing yield of 3.9% on the current share price of US$29.75. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it's growing.
公司的下一個分紅爲每股美元0.29,過去12個月中公司總計每股支付了1.16美元。計算過去一年的股息顯示,在目前股價29.75美元的情況下,標準電機制造的滾動收益率爲3.9%。對於長揸者而言,分紅是投資回報的主要貢獻者,但前提是分紅繼續支付。我們需要看到分紅是否在盈利之內以及是否在增長。
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. That's why it's good to see Standard Motor Products paying out a modest 42% of its earnings. 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. Fortunately, it paid out only 48% of its free cash flow in the past year.
如果一家公司支付的分紅超過了其賺取的收入,那麼分紅可能變得不可持續,這無疑是不理想的情況。因此,看到標準電機制造只支付了其收益的適度42%令人欣慰。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支付股息,這就是爲什麼我們應該始終檢查分紅是否由現金流覆蓋。幸運的是,它在過去一年中僅支付了其自由現金流的48%。
It's positive to see that Standard Motor Products'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.
看到標準電機制造的分紅既受盈利和現金流的覆蓋,這通常是分紅可持續的跡象,較低的支付比率通常暗示着更大的安全邊際在分紅減少之前。
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 with flat earnings can still be attractive dividend payers, but it is important to be more conservative with your approach and demand a greater margin for safety when it comes to dividend sustainability. If earnings fall far enough, the company could be forced to cut its dividend. It's not encouraging to see that Standard Motor Products's earnings are effectively flat over the past five years. Better than seeing them fall off a cliff, for sure, but the best dividend stocks grow their earnings meaningfully over the long run. Earnings per share growth in recent times has not been a standout. Yet there are several ways to grow the dividend, and one of them is simply that the company may choose to pay out more of its earnings as dividends.
即使收益不增長,股票仍可能成爲有吸引力的分紅支付者,但在考慮可持續性的情況下,應更加保守,並要求更大的安全邊際。如果收益下降足夠嚴重,公司可能會被迫削減其分紅。在過去五年中,標準電機制造的收益基本保持不變,這並不是令人鼓舞的。但最好的分紅股票在長期內實現收益穩步增長。近年來每股收益的增長並不特別顯着。然而,有幾個方法可以增加分紅,其中之一是公司可能選擇將更多的收益作爲股息支付。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. In the last 10 years, Standard Motor Products has lifted its dividend by approximately 10% a year on average.
衡量公司分紅前景的另一個關鍵指標是其歷史分紅增長率。在過去的10年中,標準電機制造每年平均提高了約10%的分紅。
The Bottom Line
還有一件事需要注意的是,我們已經確定了上海醫藥的2個警告信號,了解這些信號應該成爲你的投資過程的一部分。
Is Standard Motor Products an attractive dividend stock, or better left on the shelf? Earnings per share have been flat over this time, but we're intrigued to see that Standard Motor Products is paying out less than half its earnings and cash flow as dividends. This is interesting for a few reasons, as it suggests management may be reinvesting heavily in the business, but it also provides room to increase the dividend in time. We would prefer to see earnings growing faster, but the best dividend stocks over the long term typically combine strong earnings per share growth with a low payout ratio, and Standard Motor Products is halfway there. Standard Motor Products looks solid on this analysis overall, and we'd definitely consider investigating it more closely.
標準電機制造是否是有吸引力的分紅股,還是更好地放在貨架上?雖然每股收益在此期間基本保持不變,但我們很感興趣的是,標準電機制造作爲股息支付僅支付了不到一半的收益和現金流。這有幾個原因很有趣,因爲它表明管理層可能會在業務上進行大量再投資,但同時也爲以後增加分紅提供了空間。我們更希望看到收益增長更快,但長期而言,最好的分紅股組合強大的每股收益增長和較低的支付比率,而標準電機制造一半達成了這一點。總體而言,標準電機制造的分析看起來很不錯,我們一定會考慮進一步調查。
In light of that, while Standard Motor Products has an appealing dividend, it's worth knowing the risks involved with this stock. For example - Standard Motor Products has 1 warning sign we think you should be aware of.
鑑於此,雖然標準電機制造具有吸引力的股息,但了解這種股票的風險是很有價值的。例如,標準電機制造有1個我們認爲您應該知道的警告標誌。
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。
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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。