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Should Income Investors Look At Jiangsu Guomao Reducer Co., Ltd. (SHSE:603915) Before Its Ex-Dividend?

Should Income Investors Look At Jiangsu Guomao Reducer Co., Ltd. (SHSE:603915) Before Its Ex-Dividend?

收入投資者在江蘇國茂股份有限公司(SHSE:603915)除息日前應該注意嗎?
Simply Wall St ·  2024/10/06 18:35

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Jiangsu Guomao Reducer Co., Ltd. (SHSE:603915) is about to trade ex-dividend in the next 3 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Therefore, if you purchase Jiangsu Guomao Reducer's shares on or after the 11th of October, you won't be eligible to receive the dividend, when it is paid on the 11th of October.

我們的定期讀者會知道我們在Simply Wall St非常喜歡我們的股息,這就是爲什麼看到江蘇國茂減速機股份有限公司(SHSE:603915)將在接下來的3天內交易日除被分紅是如此令人興奮。 除淨日通常設置爲股權登記日之前的一個工作日,股權登記日是您必須在該公司的股東名冊上出現的截止日期,以便獲得股息。 除淨日很重要,因爲每當一隻股票被買入或賣出時,交易至少需要兩個工作日來結算。 因此,如果您在10月11日或之後購買江蘇國茂減速機的股票,則將無權獲得於10月11日支付的股息。

The company's upcoming dividend is CN¥0.12 a share, following on from the last 12 months, when the company distributed a total of CN¥0.24 per share to shareholders. Based on the last year's worth of payments, Jiangsu Guomao Reducer stock has a trailing yield of around 2.2% on the current share price of CN¥10.70. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to check whether the dividend payments are covered, and if earnings are growing.

該公司即將發放的股息爲人民幣0.12元/股,相較於過去12個月,公司向股東派發了總共人民幣0.24元/股。根據去年的支付數據,江蘇國茂減速機股票在當前每股人民幣10.70的股價上的滾動收益率約爲2.2%。股息對許多股東來說是重要的收入來源,但業務的健康對於維持這些股息至關重要。因此,我們需要檢查股息支付是否得到覆蓋,以及收益是否在增長。

Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Jiangsu Guomao Reducer paid out 57% of its earnings to investors last year, a normal payout level for most businesses. A useful secondary check can be to evaluate whether Jiangsu Guomao Reducer generated enough free cash flow to afford its dividend. It paid out 25% of its free cash flow as dividends last year, which is conservatively low.

通常,股息是通過公司利潤支付的,因此如果一家公司支付超過其盈利額度,那麼其股息通常更容易被削減。江蘇國茂減速機去年將其盈利的57%支付給投資者,這對於大多數企業來說是正常的支付比例。一個有用的次要檢查是評估江蘇國茂減速機是否獲得足夠的自由現金流來支付股息。去年,它支付了其自由現金流的25%作爲股息,這是相當保守的水平。

It's positive to see that Jiangsu Guomao Reducer'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.

看到江蘇國茂減速機的股息既由利潤又由現金流覆蓋是積極的,因爲這通常表明股息是可持續的,而較低的支付比通常意味着在股息被削減之前有更大的安全空間。

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:603915 Historic Dividend October 7th 2024
SHSE:603915 歷史分紅派息 2024年10月7日

Have Earnings And Dividends Been Growing?

收益和股息一直在增長嗎?

Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. With that in mind, we're encouraged by the steady growth at Jiangsu Guomao Reducer, with earnings per share up 6.3% on average over the last five years. Decent historical earnings per share growth suggests Jiangsu Guomao Reducer has been effectively growing value for shareholders. However, it's now paying out more than half its earnings as dividends. If management lifts the payout ratio further, we'd take this as a tacit signal that the company's growth prospects are slowing.

公司的盈利每股持續增長通常會成爲最好的分紅股,因爲它們通常更容易增加每股分紅。如果業務陷入衰退並且分紅被削減,公司的價值可能會急劇下降。考慮到這一點,我們對國茂股份的穩定增長感到鼓舞,過去五年平均每股盈利增長了6.3%。良好的歷史每股盈利增長表明國茂股份一直在有效地爲股東增加價值。然而,目前已經有一半以上的盈利作爲股息支付出去。如果管理層進一步提高派息比率,我們會將其視爲公司增長前景放緩的暗示。

Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Jiangsu Guomao Reducer has delivered an average of 14% per year annual increase in its dividend, based on the past four years of dividend payments. We're glad to see dividends rising alongside earnings over a number of years, which may be a sign the company intends to share the growth with shareholders.

衡量公司分紅前景的另一個關鍵方法是通過測量其歷史分紅增長率。根據過去四年的分紅支付,國茂股份的年均分紅增長率爲14%。我們很高興看到多年來股息與盈利同步增長,這可能意味着公司打算與股東分享增長。

To Sum It Up

總結一下

Is Jiangsu Guomao Reducer an attractive dividend stock, or better left on the shelf? Earnings per share growth has been modest and Jiangsu Guomao Reducer paid out over half of its profits and less than half of its free cash flow, although both payout ratios are within normal limits. In summary, it's hard to get excited about Jiangsu Guomao Reducer from a dividend perspective.

江蘇國茂減速機是一隻有吸引力的分紅派息股票嗎?還是最好放在一邊?每股收益增長幅度適中,江蘇國茂減速機支付了超過一半的利潤,並且支付的自由現金流不到一半,儘管兩個支付比率都在正常範圍內。總的來說,從分紅派息的角度看,很難對江蘇國茂減速機感到興奮。

So while Jiangsu Guomao Reducer looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. To help with this, we've discovered 1 warning sign for Jiangsu Guomao Reducer that you should be aware of before investing in their shares.

因此,雖然從分紅派息的角度看,江蘇國茂減速機看起來不錯,但要了解涉及此股票的風險總是值得的。爲了幫助理解,我們發現了關於江蘇國茂減速機的1個警告信號,您在投資他們的股份之前應該注意。

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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