Honma Golf Limited (HKG:6858) is about to trade ex-dividend in the next 4 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. 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. Meaning, you will need to purchase Honma Golf's shares before the 20th of September to receive the dividend, which will be paid on the 10th of October.
The company's upcoming dividend is JP¥2.00 a share, following on from the last 12 months, when the company distributed a total of JP¥3.50 per share to shareholders. Calculating the last year's worth of payments shows that Honma Golf has a trailing yield of 5.9% on the current share price of HK$3.25. If you buy this business for its dividend, you should have an idea of whether Honma Golf's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing.
See our latest analysis for Honma Golf
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Fortunately Honma Golf's payout ratio is modest, at just 34% of profit. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. Fortunately, it paid out only 34% of its free cash flow in the past year.
It's positive to see that Honma Golf'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 Honma Golf paid out over the last 12 months.
SEHK:6858 Historic Dividend September 15th 2022
Have Earnings And Dividends Been Growing?
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 decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. This is why it's a relief to see Honma Golf earnings per share are up 3.8% per annum over the last five years. Recent earnings growth has been limited. However, companies that see their growth slow can often choose to pay out a greater percentage of earnings to shareholders, which could see the dividend continue to rise.
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Honma Golf has delivered an average of 3.1% per year annual increase in its dividend, based on the past five 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.
To Sum It Up
Should investors buy Honma Golf for the upcoming dividend? Earnings per share growth has been growing somewhat, and Honma Golf is paying out less than half its earnings and cash flow as dividends. This is interesting for a few reasons, as it suggests management may be reinvesting heavily in the business, but it also provides room to increase the dividend in time. We would prefer to see earnings growing faster, but the best dividend stocks over the long term typically combine significant earnings per share growth with a low payout ratio, and Honma Golf is halfway there. Overall we think this is an attractive combination and worthy of further research.
In light of that, while Honma Golf has an appealing dividend, it's worth knowing the risks involved with this stock. To that end, you should learn about the 2 warning signs we've spotted with Honma Golf (including 1 which shouldn't be ignored).
A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks.
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本马高尔夫有限公司(HKG:6858)即将在未来4天内进行除股息交易。除股息日期是记录日期之前的一个工作日,这是股东在公司账面上有资格获得股息支付的截止日期。重要的是要知道除息日期,因为股票的任何交易都需要在记录日期或之前结算。这意味着,你需要在9月20日之前购买Honma Golf的股票才能获得股息,股息将在10月10日支付。
该公司即将发放的股息为每股2.00元,而过去12个月,该公司共向股东派发了每股3.50元的股息。计算上一年的支付金额显示,在目前3.25港元的股价下,Honma Golf的往绩收益率为5.9%。如果你为了分红而收购这项业务,你应该对Honma Golf的分红是否可靠和可持续有所了解。我们需要看看股息是否由收益覆盖,以及是否在增长。
查看我们对Honma Golf的最新分析
如果一家公司支付的股息超过了它赚取的股息,那么股息可能会变得不可持续--这几乎不是一个理想的情况。幸运的是,本马高尔夫的派息率不高,仅占利润的34%。这就是说,即使是高利润的公司有时也可能无法产生足够的现金来支付股息,这就是为什么我们应该总是检查股息是否由现金流覆盖。幸运的是,它在过去一年中只支付了自由现金流的34%。
看到Honma Golf的股息同时由利润和现金流覆盖是积极的,因为这通常是股息可持续的迹象,较低的派息率通常意味着在股息削减之前有更大的安全边际。
单击此处查看Honma Golf在过去12个月中支付了多少利润。
联交所:6858历史性股息2022年9月15日
盈利和股息一直在增长吗?
增长前景强劲的企业通常是最好的股息支付者,因为当每股收益改善时,增加股息更容易。如果收益下降,该公司被迫削减股息,投资者可能会眼睁睁地看着他们的投资价值化为乌有。这就是为什么看到Honma Golf每股收益在过去五年中以每年3.8%的速度增长时,人们松了一口气。最近的收益增长有限。然而,增长放缓的公司通常可以选择向股东支付更高比例的收益,这可能会看到股息继续上升。
衡量一家公司股息前景的另一个关键方法是衡量其历史股息增长率。根据过去五年的股息支付,Honma Golf的股息平均每年增长3.1%。我们很高兴看到多年来股息随着收益的增加而上升,这可能是该公司打算与股东分享增长的迹象。
总结一下
投资者应该为即将到来的股息买入本马高尔夫吗?每股收益一直在增长,本马高尔夫支付的股息不到其收益和现金流的一半。这很有趣,有几个原因,因为它表明管理层可能正在对业务进行大量再投资,但它也提供了及时增加股息的空间。我们更希望看到收益增长更快,但长期而言,最好的股息股票通常将显著的每股收益增长与较低的派息率结合在一起,而Honma Golf已经走到了一半。总体而言,我们认为这是一个有吸引力的组合,值得进一步研究。
有鉴于此,虽然Honma Golf拥有诱人的股息,但了解这只股票所涉及的风险是值得的。为此,您应该了解2个警告标志我们已经发现了本马高尔夫(包括1个不应该被忽视的)。
一个常见的投资错误是购买你看到的第一只有趣的股票。在这里你可以找到高收益股息股的完整名单。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。