Marathon Petroleum Corporation (NYSE:MPC) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
Marathon Petroleum Corporation (NYSE:MPC) Looks Like A Good Stock, And It's Going Ex-Dividend Soon
It looks like Marathon Petroleum Corporation (NYSE:MPC) is about to go ex-dividend in the next four 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. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Meaning, you will need to purchase Marathon Petroleum's shares before the 21st of August to receive the dividend, which will be paid on the 10th of September.
馬拉松原油公司(NYSE:MPC)股票即將在未來四天內除息。股息除淨日是股東資格登記日前的一個營業日,這是股東必須在公司名冊上有出現以有資格獲得股息支付的截止日期。了解股息除息日期很重要,因爲股票上的任何交易都需要在股東資格登記日之前結算。也就是說,您需要在8月21日之前購買馬拉松原油公司的股票才能獲得股息,股息將在9月10日支付。
The company's next dividend payment will be US$0.825 per share, on the back of last year when the company paid a total of US$3.30 to shareholders. Based on the last year's worth of payments, Marathon Petroleum has a trailing yield of 1.8% on the current stock price of US$180.75. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether Marathon Petroleum can afford its dividend, and if the dividend could grow.
該公司的下一個股息支付將是每股0.825美元,而去年公司向股東支付了總計3.3美元。根據去年的支付情況,馬拉松原油公司在現價180.75美元的情況下的股息率爲1.8%。對於長揸者來說,股息是投資回報的重要貢獻者,但前提是公司股息將繼續支付。因此,我們需要調查馬拉松原油公司是否能夠支付其股息,以及股息是否會增長。
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Marathon Petroleum has a low and conservative payout ratio of just 17% of its income after tax. A useful secondary check can be to evaluate whether Marathon Petroleum generated enough free cash flow to afford its dividend. It paid out 14% of its free cash flow as dividends last year, which is conservatively low.
如果一家公司支付的股息超過了其盈利,那麼股息可能變得不可持續,這顯然不是理想的情況。馬拉松原油公司的純利潤支付比率僅爲17%,並保守地低於其稅後收入的17%。一個有用的輔助檢查是評估馬拉松原油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14%的自由現金流作爲股息,這是相當低的。
It's positive to see that Marathon Petroleum'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.
看到馬拉松原油公司的股息既有利潤又有現金流來支持,這通常是股息可持續的標誌,而較低的支付比率通常暗示着在股息減少之前,更大的安全邊際。
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?
Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. That's why it's comforting to see Marathon Petroleum's earnings have been skyrocketing, up 39% per annum for the past five years. Marathon Petroleum earnings per share have been sprinting ahead like the Road Runner at a track and field day; scarcely stopping even for a cheeky "beep-beep". We also like that it is reinvesting most of its profits in its business.'
通常業務增長前景強勁的企業會成爲最好的股息支付者,因爲當每股盈利改善時,增加股息更容易。投資者喜歡股息,所以如果公司盈利下降和股息減少,那麼股份往往也會同時下跌。這就是爲什麼看到馬拉松原油公司的盈利已經飆升了39%每年達五年之久。馬拉松原油公司的每股盈利一直像鐵路跑步比賽中的路跑者那樣猛增;甚至在一些時刻還沒有停下來過。我們也喜歡它把大多數的利潤都用於業務再投資。
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, Marathon Petroleum has lifted its dividend by approximately 15% a year on average. It's great to see earnings per share growing rapidly over several years, and dividends per share growing right along with it.
大多數投資者評估公司股息前景的主要方式是檢查歷史上的股息增長率。自我們的數據開始以來,即過去10年,馬拉松原油公司的股息平均每年增長約15%。很高興看到每股盈利在過去幾年裏大幅增長,而每股股息也隨之增長。
To Sum It Up
總結一下
Has Marathon Petroleum got what it takes to maintain its dividend payments? We love that Marathon Petroleum is growing earnings per share while simultaneously paying out a low percentage of both its earnings and cash flow. These characteristics suggest the company is reinvesting in growing its business, while the conservative payout ratio also implies a reduced risk of the dividend being cut in the future. Overall we think this is an attractive combination and worthy of further research.
馬拉松原油公司是否有能力維持其股息支付?我們喜歡看到馬拉松原油公司在支付其所得和現金流的較低百分比時每股盈利卻在增長。這些特徵表明該公司正在重投資於其業務,而低支付比率也意味着股息在未來被削減的風險較小。總體而言,我們認爲這是一種有吸引力的組合,值得進一步研究。
So while Marathon Petroleum looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. For example, Marathon Petroleum has 3 warning signs (and 1 which is a bit unpleasant) we think you should know about.
因此,雖然從股息角度來看,馬拉松原油公司看起來不錯,但了解這支股票的風險仍然是值得的。例如,馬拉松原油公司有3個警告信號(還有一個比較不愉快的信號),我們認爲您應該了解一下。
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。