Readers hoping to buy Shenzhen TVT Digital Technology Co., Ltd. (SZSE:002835) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. 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 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. In other words, investors can purchase Shenzhen TVT Digital Technology's shares before the 30th of May in order to be eligible for the dividend, which will be paid on the 30th of May.
The company's next dividend payment will be CN¥0.21 per share, and in the last 12 months, the company paid a total of CN¥0.21 per share. Calculating the last year's worth of payments shows that Shenzhen TVT Digital Technology has a trailing yield of 1.2% on the current share price of CN¥17.72. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing.
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. Shenzhen TVT Digital Technology paid out just 25% of its profit last year, which we think is conservatively low and leaves plenty of margin for unexpected circumstances. 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 18% of its free cash flow in the last year.
It's positive to see that Shenzhen TVT Digital Technology'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.
Click here to see how much of its profit Shenzhen TVT Digital Technology paid out over the last 12 months.
SZSE:002835 Historic Dividend May 26th 2024
Have Earnings And Dividends Been Growing?
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. That's why it's comforting to see Shenzhen TVT Digital Technology's earnings have been skyrocketing, up 112% per annum for the past five years. Shenzhen TVT Digital Technology earnings per share have been sprinting ahead like the Road Runner at a track and field day; scarcely stopping even for a cheeky "beep-beep". We also like that it is reinvesting most of its profits in its business.'
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Shenzhen TVT Digital Technology has delivered an average of 16% per year annual increase in its dividend, based on the past seven years of dividend payments. It's great to see earnings per share growing rapidly over several years, and dividends per share growing right along with it.
To Sum It Up
Should investors buy Shenzhen TVT Digital Technology for the upcoming dividend? Shenzhen TVT Digital Technology has grown its earnings per share while simultaneously reinvesting in the business. Unfortunately it's cut the dividend at least once in the past seven 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.
With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. Every company has risks, and we've spotted 2 warning signs for Shenzhen TVT Digital Technology you should know about.
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.
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.
配当を目当てにShenzhen TVT Digital Technology Co., Ltd. (SZSE:002835)を購入しようとする読者は、すぐに行動しなければならない。株式はすぐに配当落ちするためです。配当落ち日は、配当を受け取るために株主が同社の帳簿に記録されている必要がある日付の一日前に発生します。配当落ち日は、決済プロセスが完了するために2営業日が必要なため重要です。つまり、30日までにShenzhen TVT Digital Technologyの株式を購入すれば、配当の対象となり、配当は5月30日に支払われます。
配当金は通常、会社の収益から支払われるため、会社が獲得した以上に配当を支払う場合、その配当は通常、高いリスクで削減される可能性があります。昨年、Shenzhen TVT Digital Technologyの利益の25%しか支払われていないため、保守的であると考えます。これは、予想外の事態のために十分なマージンを残しています。しかし、通常、ダイビデンドの持続可能性を評価するために利益よりもキャッシュフローが重要なため、会社が配当金を支払うために十分な現金を生み出したかどうかを常に確認する必要があります。良いニュースは、昨年のフリーキャッシュフローの18%しか支払われていないことです。
Shenzhen TVT Digital Technologyの配当が利益とキャッシュフローの両方によって裏付けられているのを確認できるため、通常、この配当が持続可能であることを示しています。また、低いペイアウト比は、ダイビデンドが削減される前により高い安全マージンを示す傾向があるため、安心できます。
一株あたりの利益が一貫して成長する企業は、通常、一株当たりの配当を増やしやすく、一株当たりの配当に伴って成長するため、最高の配当株となります。ビジネスが低迷し、配当が削減された場合、株価が急落する可能性があるため、Shenzhen TVT Digital Technologyの利益が過去5年間で年率112%上昇していることは好ましいことです。また、Shenzhen TVT Digital Technologyの一株当たりの利益は、トラック&フィールドデイのロードランナーのように急速に増加し、ひとつの「ビープビープ」さえしないで走り続けています。さらに、同社が利益の大部分をビジネスに再投資していることも気に入っています。
多くの投資家は、配当金の支払額が時間の経過とともにどの程度変化したかを評価して、企業の配当性能を評価します。Shenzhen TVT Digital Technologyは、過去7年間の配当支払いに基づいて、年率16%の平均配当増加率を実現しています。一株当たりの利益が数年間にわたって急速に増加し、一株当たりの配当と同様に増加していることを確認できるのは素晴らしいことです。
投資家がShenzhen TVT Digital Technologyを今回の配当で購入すべきかどうかは、同社がビジネスに再投資しながら一株当たりの利益を増やしていることを考慮する必要があります。残念ながら、過去7年間に少なくとも1回配当が削減されたことがありますが、保守的なペイアウト比は現在の配当金を持続可能なものにしています。全体的に、これは魅力的な組み合わせであり、さらなる研究の価値があります。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。
オーストラリアでは、moomooの投資商品及びサービスはMoomoo Securities Australia Limitedによって提供され、オーストラリア証券投資委員会(ASIC)の管理を受けております(AFSL No. 224663)。「金融サービスガイド」、「利用規約」、「プライバシーポリシー」などの詳細は、Moomoo Securities Australia Limitedのウェブサイトhttps://www.moomoo.com/auでご確認いただけます。