Should Income Investors Look At Perennial International Limited (HKG:725) Before Its Ex-Dividend?
Should Income Investors Look At Perennial International Limited (HKG:725) Before Its Ex-Dividend?
It looks like Perennial International Limited (HKG:725) is about to go ex-dividend in the next 4 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. Accordingly, Perennial International investors that purchase the stock on or after the 29th of May will not receive the dividend, which will be paid on the 14th of June.
看起來像是常年國際有限公司(HKG:725)將在未來4天內除息。除息日期是公司記錄日期的前一個工作日,也就是公司決定哪些股東有權獲得股息的日期。重要的是要知道除息日期,因為股票的任何交易都需要在記錄日期或之前結算。因此,在5月29日或之後購買該股票的常年國際投資者將不會收到股息,股息將於6月14日支付。
The company's next dividend payment will be HK$0.03 per share. Last year, in total, the company distributed HK$0.03 to shareholders. Calculating the last year's worth of payments shows that Perennial International has a trailing yield of 4.7% on the current share price of HK$0.64. If you buy this business for its dividend, you should have an idea of whether Perennial International's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing.
該公司下一次派息將為每股0.03港元。去年,該公司總共向股東派發了0.03港元。計算過去一年的支付價值顯示,以目前0.64港元的股價計算,常年國際的往績收益率為4.7%。如果你為了分紅而收購這項業務,你應該知道常年國際的分紅是否可靠和可持續。我們需要看看股息是否由收益覆蓋,以及是否在增長。
Check out our latest analysis for Perennial International
請查看我們對常年國際的最新分析
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. Fortunately Perennial International's payout ratio is modest, at just 38% 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. It paid out 6.8% of its free cash flow as dividends last year, which is conservatively low.
股息通常從公司收入中支付,因此,如果一家公司支付的股息超過了它的收入,它的股息通常被削減的風險更高。幸運的是,常年國際的派息率並不高,僅佔利潤的38%。然而,在評估股息可持續性時,現金流通常比利潤更重要,因此我們應該始終檢查公司是否產生了足夠的現金來支付股息。它去年支付了6.8%的自由現金流作為股息,這是保守的低水準。
It's positive to see that Perennial International'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Perear International的股息同時由利潤和現金流覆蓋是積極的,因為這通常是股息可持續的跡象,較低的派息率通常意味著在股息削減之前有更大的安全邊際。
Click here to see how much of its profit Perennial International paid out over the last 12 months.
點擊這裡,看看在過去的12個月裡,常年國際公司支付了多少利潤。
![historic-dividend](https://usnewsfile.moomoo.com/pic/0-a1dc7198b4370d687458bdb52d81722e-0-2efca2362affea52a25a98433fbc5734.png/big)
Have Earnings And Dividends Been Growing?
盈利和股息一直在增長嗎?
When earnings decline, dividend companies become much harder to analyse and own safely. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. That's why it's not ideal to see Perennial International's earnings per share have been shrinking at 3.8% a year over the previous five years.
當收益下降時,股利公司就更難分析和安全持有了。如果收益下降,該公司被迫削減股息,投資者可能會眼睜睜地看著他們的投資價值化為烏有。這就是為什麼看到常年國際的每股收益在過去五年裡以每年3.8%的速度縮水是不理想的。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. It looks like the Perennial International dividends are largely the same as they were 10 years ago. When earnings are declining yet the dividends are flat, typically the company is either paying out a higher portion of its earnings, or paying out of cash or debt on the balance sheet, neither of which is ideal.
衡量一家公司股息前景的另一個關鍵方法是衡量其歷史股息增長率。看起來,常年派發的國際股息與10年前基本相同。當盈利下降但股息持平時,通常情況下,公司要麼支付更高比例的收益,要麼支付資產負債表上的現金或債務,這兩種情況都不理想。
The Bottom Line
底線
Has Perennial International got what it takes to maintain its dividend payments? Perennial International has comfortably low cash and profit payout ratios, which may mean the dividend is sustainable even in the face of a sharp decline in earnings per share. Still, we consider declining earnings to be a warning sign. It might be worth researching if the company is reinvesting in growth projects that could grow earnings and dividends in the future, but for now we're not all that optimistic on its dividend prospects.
常年國際是否獲得了維持其股息支付所需的資金?常年國際的現金和利潤支付率相當低,這可能意味著即使在每股收益大幅下降的情況下,股息也是可持續的。儘管如此,我們認為盈利下降是一個警告信號。如果該公司正在對未來可能增加收益和股息的增長專案進行再投資,這可能是值得研究的,但目前我們對其股息前景並不樂觀。
On that note, you'll want to research what risks Perennial International is facing. For example - Perennial International has 2 warning signs we think you should be aware of.
在這一點上,你會想要研究常年國際面臨的風險。例如-常年國際有2個警告標誌我們認為你應該意識到。
If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.
如果您正在尋找強大的股息支付者,我們建議查看我們精選的頂級股利股票。
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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.
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。