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It Might Not Be A Great Idea To Buy Hla Group Corp., Ltd. (SHSE:600398) For Its Next Dividend

It Might Not Be A Great Idea To Buy Hla Group Corp., Ltd. (SHSE:600398) For Its Next Dividend

可能不是一個好主意買入華聯集團股份有限公司 (SHSE:600398) 以獲取其下一個紅利
Simply Wall St ·  09/02 08:18

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Hla Group Corp., Ltd. (SHSE:600398) is about to go ex-dividend in just two days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. 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. Therefore, if you purchase Hla Group's shares on or after the 5th of September, you won't be eligible to receive the dividend, when it is paid on the 5th of September.

一些投資者依靠分紅來增加財富,如果你是這些分紅投資者之一,你可能會對知道Hla Group Corp., Ltd. (SHSE:600398)將在兩天後的除息日感興趣。除息日是股權登記日的前一天,即股東需要在該公司的名冊上登記才能獲得分紅的那一天。除息日是一個非常重要的日期,如果在該日期或之後購買股票,可能會導致遲到的結算日未能在股權登記日顯示。因此,如果你在9月5日或之後購買Hla Group的股票,你將不能獲得分紅,分紅將在9月5日支付。

The company's upcoming dividend is CN¥0.23 a share, following on from the last 12 months, when the company distributed a total of CN¥0.56 per share to shareholders. Based on the last year's worth of payments, Hla Group stock has a trailing yield of around 7.7% on the current share price of CN¥5.95. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether Hla Group has been able to grow its dividends, or if the dividend might be cut.

該公司即將派發的股息爲CN¥0.23,過去12個月,該公司每股派發了總共CN¥0.56的股息給股東。根據過去一年的派息情況,Hla Group股票在目前的股價CN¥5.95上有一個約7.7%的滾動收益率。對於長揸者來說,股息是投資回報的重要組成部分,前提是該公司繼續支付分紅。因此,讀者應該始終注意Hla Group是否能夠增長其分紅,或者分紅是否可能被削減。

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. Hla Group distributed an unsustainably high 123% of its profit as dividends to shareholders last year. Without extenuating circumstances, we'd consider the dividend at risk of a cut. Yet cash flow is typically more important than profit for assessing dividend sustainability, so we should always check if the company generated enough cash to afford its dividend. Over the last year it paid out 71% of its free cash flow as dividends, within the usual range for most companies.

通常,分紅是用公司收入支付的,所以如果一家公司支付的金額超過了其盈利額,其分紅通常存在更高的減少風險。去年Hla Group將其利潤的123%作爲股息分配給股東,這是一個不可持續的高比例分紅。除非有特殊情況,否則我們認爲該分紅存在被削減的風險。然而,現金流通常比利潤更重要,以評估分紅的可持續性,所以我們應該始終檢查公司是否產生足夠的現金來支付其分紅。在過去的一年裏,Hla Group將其自由現金流的71%用於支付股息,處於大多數公司的正常範圍內。

It's good to see that while Hla Group's dividends were not covered by profits, at least they are affordable from a cash perspective. Still, if the company repeatedly paid a dividend greater than its profits, we'd be concerned. Very few companies are able to sustainably pay dividends larger than their reported earnings.

很高興看到,雖然Hla Group的股息並未被利潤所覆蓋,但至少從現金角度來看,它們是可支付的。然而,如果該公司反覆支付超過其利潤的股息,我們會擔心。很少有公司能夠持續支付超過其報告的利潤的股息。

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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SHSE:600398 Historic Dividend September 2nd 2024
SHSE:600398歷史分紅派息於2024年9月2日

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 earnings fall far enough, the company could be forced to cut its dividend. So we're not too excited that Hla Group's earnings are down 4.7% a year over the past five years.

當收益下降時,分紅公司變得很難分析和安全擁有。如果收益下降到一定程度,公司可能被迫削減其分紅派息。所以我們對Hla集團過去五年的年均收益下降了4.7%並不太興奮。

Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Hla Group has delivered an average of 9.2% per year annual increase in its dividend, based on the past 10 years of dividend payments. That's intriguing, but the combination of growing dividends despite declining earnings can typically only be achieved by paying out a larger percentage of profits. Hla Group is already paying out 123% of its profits, and with shrinking earnings we think it's unlikely that this dividend will grow quickly in the future.

許多投資者將通過評估分紅派息的變化情況來評估一家公司的分紅派息表現。基於過去10年的分紅派息支付情況,Hla集團的分紅派息年均增長率爲9.2%。這很有趣,但是儘管收益下降,分紅派息的增長通常只能通過支付更大比例的利潤來實現。Hla集團已經支付出了其利潤的123%,隨着收益的下降,我們認爲這個分紅派息在未來不太可能快速增長。

Final Takeaway

最後的結論

From a dividend perspective, should investors buy or avoid Hla Group? Earnings per share have been shrinking in recent times. Worse, Hla Group's paying out a majority of its earnings and more than half its free cash flow. Positive cash flows are good news but it's not a good combination. With the way things are shaping up from a dividend perspective, we'd be inclined to steer clear of Hla Group.

從股息角度來看,投資者應該購買還是迴避Hla Group?近期每股收益一直在下降。更糟糕的是,Hla Group支付了大部分盈利和超過一半的自由現金流。積極的現金流是好消息,但這不是一個好的組合。從股息角度來看,我們更傾向於遠離Hla Group。

So if you're still interested in Hla Group despite it's poor dividend qualities, you should be well informed on some of the risks facing this stock. Every company has risks, and we've spotted 2 warning signs for Hla Group you should know about.

所以,如果您對Hla Group的股息質量不佳仍然有興趣,請對這隻股票面臨的一些風險有所了解。每家公司都有風險,我們已經發現了Hla Group的2個警告信號,您應該知道。

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。

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