Be Sure To Check Out Target Corporation (NYSE:TGT) Before It Goes Ex-Dividend
Be Sure To Check Out Target Corporation (NYSE:TGT) Before It Goes Ex-Dividend
Target Corporation (NYSE:TGT) 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 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 Target's shares before the 21st of August to receive the dividend, which will be paid on the 10th of September.
Target Corporation(紐交所:TGT)將於未來3天內交易分紅。除淨日是股權登記日前一個工作日,即股東必須出現在公司賬簿上才有資格獲得股息支付的截止日期。除息日是一個需要注意的重要日期,因爲在該日期或之後購買該股票可能意味着遲到的交收無法在股權登記日顯示。換句話說,您需要在8月21日之前購買Target的股票才能獲得分紅,該分紅將於9月10日支付。
The company's upcoming dividend is US$1.12 a share, following on from the last 12 months, when the company distributed a total of US$4.48 per share to shareholders. Calculating the last year's worth of payments shows that Target has a trailing yield of 3.1% on the current share price of US$144.04. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
該公司即將宣佈US$1.12每股的股息,此前12個月該公司向股東派發了總計US$4.48的股息。計算去年的分紅總額顯示,基於當前股價US$144.04,Target的股息率爲3.1%。股息對許多股東來說是重要的收入來源,但企業的健康狀況對維持這些股息非常關鍵。這就是爲什麼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 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. That's why it's good to see Target paying out a modest 49% 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 44% of its free cash flow in the past year.
股息通常是由公司的收入支付的,因此,如果公司分紅的數量超過了其賺取的數量,那麼其股息通常面臨更高的被削減風險。這就是爲什麼Target支付的盈利正在不斷增加。話雖如此,即使是盈利豐厚的公司有時也可能無法產生足夠的現金支付股息,這就是爲什麼我們始終應該檢查股息是否已由現金流覆蓋。幸運的是,過去一年中它只支付了自由現金流的44%。事實上,Target股息既可由利潤也可由現金流覆蓋,這通常是分紅可持續的標誌,低的股息支付比率通常意味着在分紅削減之前會有更大的安全邊際。
It's positive to see that Target'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.
我們很高興看到Target的股息不僅由利潤而且由現金流覆蓋,因爲這通常是股息可持續的標誌,較低的股息支付比率通常意味着在股息被削減之前存在更大的安全邊際。
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. If earnings fall far enough, the company could be forced to cut its dividend. Fortunately for readers, Target's earnings per share have been growing at 10% a year for the past five years. Earnings per share are growing rapidly and the company is keeping more than half of its earnings within the business; an attractive combination which could suggest the company is focused on reinvesting to grow earnings further. This will make it easier to fund future growth efforts and we think this is an attractive combination - plus the dividend can always be increased later.
業務增長前景強勁的企業通常是最好的股息支付者,因爲當每股收益率提高時,增加股息更容易。如果收益下降到一定程度,公司可能會被迫削減股息。值得讀者欣慰的是,在過去的五年中,Target的每股收益率以每年10%的速度增長。每股收益率正在迅速增長,公司正在將其超過一半的收益保留在企業內部;這是一個有吸引力的組合,可以表明公司專注於投資以進一步增長收益。這將使未來的增長努力更加容易,並且我們認爲這是一個有吸引力的組合 - 股息隨後可以增加。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Target has delivered an average of 10% per year annual increase in its dividend, based on the past 10 years of dividend payments. It's exciting to see that both earnings and dividends per share have grown rapidly over the past few years.
衡量公司的股息前景的另一個關鍵方法是測量其歷史股息增長率。基於過去10年的分紅支付,Target的股息年增長率平均爲10%。令人興奮的是,在過去的幾年中,每股收益和每股股息均以快速增長。
To Sum It Up
總結一下
Is Target worth buying for its dividend? We love that Target 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.
購買Target股票的股息是否值得?我們喜歡看到Target在增長其業務的同時支付了較低的盈利和現金流百分比。這些特徵表明該公司正在重新投資以發展其業務,同時保守的股息支付比率也意味着股息被削減的風險降低。總體而言,我們認爲這是一個有吸引力的組合,值得進一步研究。
On that note, you'll want to research what risks Target is facing. For example - Target has 2 warning signs we think you should be aware of.
在此基礎上,您需要了解Target面臨哪些風險。例如-Target有2個警示標誌,我們認爲您應該了解一下。
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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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。