Computime Group Limited (HKG:320) Passed Our Checks, And It's About To Pay A HK$0.05 Dividend
Computime Group Limited (HKG:320) Passed Our Checks, And It's About To Pay A HK$0.05 Dividend
Computime Group Limited (HKG:320) is about to trade ex-dividend in the next three 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. Accordingly, Computime Group investors that purchase the stock on or after the 3rd of October will not receive the dividend, which will be paid on the 25th of October.
金寶通集團有限公司 (HKG:320) 將在接下來的三天內開始交易分紅派息。分紅除淨日是記錄日的前一個工作日,這是股東必須出現在公司名冊上以符合獲得分紅的資格的截止日期。分紅除淨日非常重要,因爲結算過程涉及兩個完整的工作日。因此,如果您錯過該日期,將無法在記錄日出現在公司的名冊上。因此,自10月3日或之後購買金寶通集團股票的投資者將不會收到分紅派息,該分紅將於10月25日支付。
The company's upcoming dividend is HK$0.05 a share, following on from the last 12 months, when the company distributed a total of HK$0.05 per share to shareholders. Calculating the last year's worth of payments shows that Computime Group has a trailing yield of 8.6% on the current share price of HK$0.58. 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 Computime Group can afford its dividend, and if the dividend could grow.
公司即將派息每股港幣0.05港元,延續了過去12個月的做法,當時公司每股派息總額爲0.05港元。計算去年的支付總額顯示金寶通集團在當前股價0.58港幣上的滾動收益率爲8.6%。分紅是長揸者投資回報的主要貢獻者,但前提是分紅繼續支付。因此,我們需要調查金寶通集團是否能夠支付其分紅,並且分紅是否會增長。
Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. Fortunately Computime Group's payout ratio is modest, at just 50% of profit. 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. The good news is it paid out just 7.6% of its free cash flow in the last year.
分紅通常來自公司盈利。如果公司支付的分紅超過其盈利,則該分紅可能無法持續。幸運的是,金寶通集團的派息比率很適度,僅佔其利潤的50%。然而,對於評估分紅的持續性,現金流通常比利潤更重要,因此我們應始終檢查公司是否產生足夠的現金以支付其分紅。好消息是,該公司去年只支付了其自由現金流的7.6%。
It's positive to see that Computime Group'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.
看到金寶通集團的分紅既由利潤又由現金流覆蓋是積極的,因爲這通常是分紅可持續的跡象,較低的支付比率通常意味着在分紅被削減之前有更大的安全邊際。
Click here to see how much of its profit Computime Group paid out over the last 12 months.
點擊這裏查看金寶通集團在過去12個月中支付了多少利潤。
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 business enters a downturn and the dividend is cut, the company could see its value fall precipitously. That's why it's comforting to see Computime Group's earnings have been skyrocketing, up 52% per annum for the past five years. Computime Group is paying out less than half its earnings and cash flow, while simultaneously growing earnings per share at a rapid clip. Companies with growing earnings and low payout ratios are often the best long-term dividend stocks, as the company can both grow its earnings and increase the percentage of earnings that it pays out, essentially multiplying the dividend.
業務增長前景強勁的企業通常是最佳的分紅付款者,因爲當每股收益在提高時,增加分紅變得更容易。如果企業進入低迷期並削減分紅,公司價值可能會急劇下跌。這就是爲什麼看到金寶通集團的盈利一直在飆升,過去五年年均增長52%讓人感到欣慰。金寶通集團分紅不到盈利和現金流的一半,同時每股盈利快速增長。盈利增長且支付比例低的公司通常是最佳的長期分紅股,因爲公司既能增長盈利又能增加支付的盈利比例,實質上是分紅的倍增。
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, Computime Group has increased its dividend at approximately 9.6% a year on average. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders.
許多投資者會通過評估公司的股息表現來評估公司的股息表現。在過去的10年中,金寶通集團的股息年均增長約爲9.6%。看到公司在盈利增長的同時提高股息是令人鼓舞的,這表明公司至少在一定程度上重視回報股東。
To Sum It Up
總結一下
Is Computime Group an attractive dividend stock, or better left on the shelf? Computime Group has grown its earnings per share while simultaneously reinvesting in the business. Unfortunately it's cut the dividend at least once in the past 10 years, but the conservative payout ratio makes the current dividend look sustainable. Overall we think this is an attractive combination and worthy of further research.
金寶通集團是一支具吸引力的分紅股票,還是最好放在一邊?金寶通集團在同時重投資業務的同時增加了每股盈利。不幸的是,過去10年中至少曾削減過分紅,但保守的支付比率使得當前的股息看起來是可持續的。總體上,我們認爲這是一種有吸引力且值得進一步研究的組合。
On that note, you'll want to research what risks Computime Group is facing. For example, we've found 2 warning signs for Computime Group that we recommend you consider before investing in the business.
在這一點上,您會想要研究金寶通集團面臨的風險。例如,我們發現了2個警示信號,建議您在投資該業務之前考慮。
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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