Why It Might Not Make Sense To Buy AVE Science&Technology CO.,LTD (SHSE:688067) For Its Upcoming Dividend
Why It Might Not Make Sense To Buy AVE Science&Technology CO.,LTD (SHSE:688067) For Its Upcoming Dividend
It looks like AVE Science&Technology CO.,LTD (SHSE:688067) is about to go ex-dividend in the next 3 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible 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. In other words, investors can purchase AVE Science&TechnologyLTD's shares before the 14th of July in order to be eligible for the dividend, which will be paid on the 14th of July.
看起來像是安維科技有限公司(上海證券交易所股票代碼:688067)將在未來3天內除息。通常,除息日期是記錄日期之前的一個工作日,記錄日期是公司確定有資格獲得股息的股東的日期。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。換句話說,投資者可以在7月14日之前購買AVE科技有限公司的股票,以便有資格獲得將於7月14日支付的股息。
The company's next dividend payment will be CN¥0.10 per share, on the back of last year when the company paid a total of CN¥0.10 to shareholders. Last year's total dividend payments show that AVE Science&TechnologyLTD has a trailing yield of 0.5% on the current share price of CN¥21.83. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether AVE Science&TechnologyLTD has been able to grow its dividends, or if the dividend might be cut.
該公司下一次派息將為每股0.10加元,而去年公司向股東支付的股息總額為0.10加元。去年的股息支付總額顯示,Ave Science&Technology Ltd的往績收益率為0.5%,目前股價為21.83元。對許多股東來說,股息是一個重要的收入來源,但企業的健康狀況對維持這些股息至關重要。因此,讀者應該經常查看Ave Science&Technology Ltd是否能夠增加股息,或者股息是否可能被削減。
See our latest analysis for AVE Science&TechnologyLTD
查看我們對AVE科技有限公司的最新分析
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. That's why it's good to see AVE Science&TechnologyLTD paying out a modest 50% of its earnings. 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. Over the last year, it paid out dividends equivalent to 323% of what it generated in free cash flow, a disturbingly high percentage. It's pretty hard to pay out more than you earn, so we wonder how AVE Science&TechnologyLTD intends to continue funding this dividend, or if it could be forced to cut the payment.
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。這就是為什麼看到Ave Science&Technology Ltd只支付其收益的50%是件好事。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。去年,它支付的股息相當於其產生的自由現金流的323%,這一比例高得令人不安。很難支付比你賺得更多的錢,所以我們想知道Ave Science&Technology Ltd打算如何繼續為這筆股息提供資金,或者它是否可能被迫削減支付。
While AVE Science&TechnologyLTD's dividends were covered by the company's reported profits, cash is somewhat more important, so it's not great to see that the company didn't generate enough cash to pay its dividend. Cash is king, as they say, and were AVE Science&TechnologyLTD to repeatedly pay dividends that aren't well covered by cashflow, we would consider this a warning sign.
雖然Ave Science&Technology Ltd的股息是由該公司公佈的利潤支付的,但現金在某種程度上更重要,所以看到該公司沒有產生足夠的現金來支付股息並不是一件好事。正如他們所說,現金為王,如果Ave Science&Technology Ltd反覆支付現金流無法很好覆蓋的股息,我們會認為這是一個警告信號。
Click here to see how much of its profit AVE Science&TechnologyLTD paid out over the last 12 months.
點擊這裡查看Ave Science&Technology Ltd在過去12個月中支付了多少利潤。
![historic-dividend](https://usnewsfile.moomoo.com/pic/0-a367497bf3d667a4fb53f472717cbc98-0-e3732f42ca07a9a21352adbd3e3d22c4.png/big)
Have Earnings And Dividends Been Growing?
盈利和股息一直在增長嗎?
Companies with falling earnings are riskier for dividend shareholders. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. With that in mind, we're discomforted by AVE Science&TechnologyLTD's 17% per annum decline in earnings in the past five years. Ultimately, when earnings per share decline, the size of the pie from which dividends can be paid, shrinks.
盈利下降的公司對股息股東來說風險更大。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。考慮到這一點,我們對AVE科技有限公司在過去五年中收益以每年17%的速度下降感到不安。最終,當每股收益下降時,可以支付股息的蛋糕的規模就會縮小。
Given that AVE Science&TechnologyLTD has only been paying a dividend for a year, there's not much of a past history to draw insight from.
考慮到Ave Science&TechnologyLtd只派發了一年的股息,沒有多少過去的歷史可以借鑑。
The Bottom Line
底線
Is AVE Science&TechnologyLTD worth buying for its dividend? It's disappointing to see earnings per share declining, and this would ordinarily be enough to discourage us from most dividend stocks, even though AVE Science&TechnologyLTD is paying out less than half its income as dividends. However, it's also paying out an uncomfortably high percentage of its cash flow, which makes us wonder just how sustainable the dividend really is. With the way things are shaping up from a dividend perspective, we'd be inclined to steer clear of AVE Science&TechnologyLTD.
Ave Science&Technology Ltd值得為其派息而收購嗎?看到每股收益下降是令人失望的,這通常足以讓我們對大多數股息股望而卻步,儘管Ave Science&Technology Ltd支付的股息不到其收入的一半。然而,它也支付了令人不安的高現金流,這讓我們懷疑股息到底有多可持續。從分紅的角度來看,事情正在發展,我們傾向於避開Ave Science&Technology Ltd.。
Although, if you're still interested in AVE Science&TechnologyLTD and want to know more, you'll find it very useful to know what risks this stock faces. For instance, we've identified 3 warning signs for AVE Science&TechnologyLTD (1 is a bit concerning) you should be aware of.
不過,如果你仍然對Ave Science&Technology Ltd感興趣並想了解更多,你會發現瞭解這只股票面臨的風險是非常有用的。例如,我們已經確定AVE科技有限公司的3個警告標誌(1有點令人擔憂)你應該知道。
A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks.
一個常見的投資錯誤是購買你看到的第一隻有趣的股票。在這裡你可以找到高收益股息股的完整名單。
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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。