Should You Buy Dover Corporation (NYSE:DOV) For Its Upcoming Dividend?
Should You Buy Dover Corporation (NYSE:DOV) For Its Upcoming Dividend?
It looks like Dover Corporation (NYSE:DOV) is about to go ex-dividend in the next 4 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. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Accordingly, Dover investors that purchase the stock on or after the 29th of November will not receive the dividend, which will be paid on the 15th of December.
看來多佛公司(紐約證券交易所代碼:DOV)將在未來4天內除息。通常,除息日是記錄日期之前的一個工作日,即公司確定有資格獲得股息的股東的日期。除息日很重要,因爲股票的任何交易都需要在記錄日期之前結算,才有資格獲得股息。因此,在11月29日當天或之後購買股票的多佛投資者將不會獲得股息,該股息將在12月15日支付。
The company's next dividend payment will be US$0.51 per share, on the back of last year when the company paid a total of US$2.04 to shareholders. Last year's total dividend payments show that Dover has a trailing yield of 1.5% on the current share price of $138.56. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it's growing.
該公司的下一次股息將爲每股0.51美元,去年該公司向股東共支付了2.04美元。去年的股息支付總額顯示,與目前的138.56美元股價相比,多佛的微弱收益率爲1.5%。股息是長揸者投資回報的主要貢獻者,但前提是股息必須繼續支付。我們需要看看股息是否由收益支付,以及股息是否在增長。
Check out our latest analysis for Dover
查看我們對 Dover 的最新分析
Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. Fortunately Dover's payout ratio is modest, at just 28% of profit. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. Thankfully its dividend payments took up just 29% of the free cash flow it generated, which is a comfortable payout ratio.
股息通常從公司收益中支付。如果一家公司支付的股息多於利潤,那麼分紅可能是不可持續的。幸運的是,多佛的支付率適中,僅佔利潤的28%。然而,在評估股息方面,現金流甚至比利潤更爲重要,因此我們需要看看公司是否產生了足夠的現金來支付分配。值得慶幸的是,它的股息支付僅佔其產生的自由現金流的29%,這是一個不錯的支付率。
It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously.
令人鼓舞的是,股息由利潤和現金流共同支付。這通常表明,只要收益不急劇下降,股息是可持續的。
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
點擊此處查看該公司的派息率,以及分析師對其未來股息的估計。
![historic-dividend](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20231124/0-556be1cb2d881f2093f63872d3015535-0-5ec6fe651151918e2350b44d5fa9f94b.png/big)
Have Earnings And Dividends Been Growing?
收益和股息增長了嗎?
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 earnings fall far enough, the company could be forced to cut its dividend. With that in mind, we're encouraged by the steady growth at Dover, with earnings per share up 8.8% on average over the last five years. The company is retaining more than half of its earnings within the business, and it has been growing earnings at a decent rate. We think this is generally an attractive combination, as dividends can grow through a combination of earnings growth and or a higher payout ratio over time.
每股收益持續增長的公司通常會出最好的股息股票,因爲他們通常會發現每股股息更容易增加。如果收益下降得足夠多,該公司可能被迫削減股息。考慮到這一點,多佛的穩定增長令我們感到鼓舞,在過去五年中,每股收益平均增長8.8%。該公司將一半以上的收益保留在業務中,並且收益一直以可觀的速度增長。我們認爲這通常是一個有吸引力的組合,因爲隨着時間的推移,股息可以通過收益增長和/或更高的支付率相結合來增長。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Since the start of our data, 10 years ago, Dover has lifted its dividend by approximately 3.8% a year on average. It's encouraging to see the company lifting dividends while earnings are growing, suggesting at least some corporate interest in rewarding shareholders.
衡量公司股息前景的另一種關鍵方法是衡量其歷史股息增長率。自10年前我們的數據公佈以來,多佛平均每年將股息提高約3.8%。令人鼓舞的是,該公司在收益增長的同時提高了股息,這表明至少有一部分企業有興趣獎勵股東。
To Sum It Up
總結一下
Is Dover an attractive dividend stock, or better left on the shelf? Earnings per share growth has been growing somewhat, and Dover 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. It might be nice to see earnings growing faster, but Dover is being conservative with its dividend payouts and could still perform reasonably over the long run. Dover looks solid on this analysis overall, and we'd definitely consider investigating it more closely.
多佛是有吸引力的股息股,還是最好留在貨架上?每股收益增長有所增長,多佛將不到一半的收益和現金流作爲股息支付。這很有趣,有幾個原因,因爲它表明管理層可能正在對業務進行大量再投資,但也爲及時增加股息提供了空間。看到收益增長更快可能是件好事,但多佛對股息支出持保守態度,從長遠來看,仍可能表現合理。總體而言,多佛在這項分析中表現不錯,我們肯定會考慮對其進行更仔細的調查。
So while Dover looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. Every company has risks, and we've spotted 1 warning sign for Dover you should know about.
因此,儘管從股息的角度來看,多佛看起來不錯,但了解這隻股票所涉及的最新風險總是值得的。每家公司都有風險,我們發現了多佛的1個警告信號,你應該知道。
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.
通常,我們不建議只購買你看到的第一隻股息股票。以下是精選的具有強大股息支付能力的有趣股票清單。
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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.
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Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。