Do These 3 Checks Before Buying Matthews International Corporation (NASDAQ:MATW) For Its Upcoming Dividend
Do These 3 Checks Before Buying Matthews International Corporation (NASDAQ:MATW) For Its Upcoming Dividend
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 Matthews International Corporation (NASDAQ:MATW) is about to go ex-dividend in just 3 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. 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. Thus, you can purchase Matthews International's shares before the 2nd of December in order to receive the dividend, which the company will pay on the 16th of December.
一些投資者依賴分紅來增加財富,如果你也是這些分紅偵探之一,你可能會對馬修國際公司(納斯達克:MATW)即將在3天后除息的消息感興趣。除息日期是公司紀念日期之前的一個交易日,紀念日期是公司確定哪些股東有權獲得分紅的日期。了解除息日很重要,因爲任何股票的交易都需要在紀念日期之前結算。因此,你可以在12月2日之前購買馬修國際的股票,以便獲得公司將在12月16日支付的分紅。
The company's upcoming dividend is US$0.25 a share, following on from the last 12 months, when the company distributed a total of US$1.00 per share to shareholders. Calculating the last year's worth of payments shows that Matthews International has a trailing yield of 3.3% on the current share price of US$30.35. 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 Matthews International can afford its dividend, and if the dividend could grow.
該公司即將派發的分紅爲每股0.25美元,回顧過去12個月,該公司向股東分發了每股總共1.00美元的分紅。計算去年的支付情況顯示,馬修國際在當前每股30.35美元的股價上,具有3.3%的歷史收益率。分紅對長揸者的投資回報貢獻很大,但前提是分紅能夠繼續支付。因此,我們需要調查馬修國際是否能夠承擔其分紅,以及分紅是否有可能增長。
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Matthews International reported a loss after tax last year, which means it's paying a dividend despite being unprofitable. While this might be a one-off event, this is unlikely to be sustainable in the long term. With the recent loss, it's important to check if the business generated enough cash to pay its dividend. If Matthews International didn't generate enough cash to pay the dividend, then it must have either paid from cash in the bank or by borrowing money, neither of which is sustainable in the long term. The company paid out 92% of its free cash flow over the last year, which we think is outside the ideal range for most businesses. Cash flows are usually much more volatile than earnings, so this could be a temporary effect - but we'd generally want to look more closely here.
如果一家公司支付的分紅超過了其盈利,那麼分紅可能會變得不可持續——這顯然不是理想的情況。馬修國際去年稅後報告了虧損,這意味着它在虧損的情況下仍然支付分紅。雖然這可能是一次性事件,但長期來看不太可能可持續。最近的虧損使得檢查該公司是否產生足夠的現金來支付分紅變得重要。如果馬修國際沒有產生足夠的現金來支付分紅,那麼它必須從銀行現金中支付或借款,兩者在長期內都不是可持續的。該公司在過去一年支付了92%的自由現金流,這在我們看來超出了大多數企業的理想區間。現金流通常比盈利更加波動,因此這可能是暫時的影響——但我們確實想要在這裏更仔細地觀察。
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分紅支付比率,以及分析師對其未來分紅的估計。

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. Matthews International was unprofitable last year, but at least the general trend suggests its earnings have been improving over the past five years. Even so, an unprofitable company whose business does not quickly recover is usually not a good candidate for dividend investors.
具有強大增長前景的企業通常是最好的分紅派息者,因爲當每股收益改善時,增加分紅就更容易。如果收益下降到足夠的程度,公司可能會被迫削減分紅。馬修國際去年虧損,但至少整體趨勢表明其收益在過去五年中有所改善。即便如此,快速恢復業務的虧損公司通常不是分紅投資者的好選擇。
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Matthews International has delivered 8.6% dividend growth per year on average over the past 10 years. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders.
許多投資者將通過評估分紅支付隨時間的變化來評估公司的分紅表現。馬修國際在過去10年中平均實現了8.6%的分紅增長。看到公司在收益增長的同時提升分紅是令人鼓舞的,這至少表明公司有意回報股東。
Get our latest analysis on Matthews International's balance sheet health here.
在此獲取關於馬修國際資產負債表健康狀況的最新分析。
Final Takeaway
最終結論
Is Matthews International worth buying for its dividend? We're a bit uncomfortable with it paying a dividend while being loss-making, especially given that the dividend was not well covered by free cash flow. It's not that we think Matthews International is a bad company, but these characteristics don't generally lead to outstanding dividend performance.
馬修國際的分紅是否值得買入?我們對其在虧損情況下派發分紅有些不安,尤其是考慮到分紅未能很好地由自由現金流覆蓋。我們並不認爲馬修國際是一家糟糕的公司,但這些特徵通常不會導致出色的分紅表現。
Having said that, if you're looking at this stock without much concern for the dividend, you should still be familiar of the risks involved with Matthews International. To help with this, we've discovered 2 warning signs for Matthews International (1 doesn't sit too well with us!) that you ought to be aware of before buying the shares.
儘管如此,如果你在看這隻股票時不太關注分紅,你仍然應該了解與馬修國際相關的風險。爲了幫助你,我們發現了馬修國際的兩個警告信號(其中一個讓我們不太安心!),在買入股票之前你應該了解這些風險。
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,我們不推薦僅僅購買你看到的第一個分紅股票。這裏有一份精選的強勁分紅股票列表。
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這篇來自Simply Wall St的文章是一般性的。我們根據歷史數據和分析師預測提供評論,採用無偏見的方法,我們的文章並不旨在提供財務建議。它不構成對任何股票的買入或賣出建議,也未考慮到您的目標或財務狀況。我們旨在爲您提供以基本數據驅動的長期分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St在提到的任何股票中均沒有持倉。