Why It Might Not Make Sense To Buy Amcor Plc (NYSE:AMCR) For Its Upcoming Dividend
Why It Might Not Make Sense To Buy Amcor Plc (NYSE:AMCR) For Its Upcoming Dividend
Amcor plc (NYSE:AMCR) is about to trade ex-dividend in the next four days. 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 of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Meaning, you will need to purchase Amcor's shares before the 27th of February to receive the dividend, which will be paid on the 19th of March.
Amcor plc(纽约证券交易所代码:AMCR)即将在未来四天内进行除息交易。除息日发生在记录日期的前一天,即股东需要在公司账簿上登记才能获得股息的日子。除息日之所以如此,是因为无论何时买入或卖出股票,交易都需要至少两个工作日才能结算。这意味着,您需要在2月27日之前购买Amcor的股票才能获得股息,股息将在3月19日支付。
The company's next dividend payment will be US$0.125 per share, and in the last 12 months, the company paid a total of US$0.50 per share. Last year's total dividend payments show that Amcor has a trailing yield of 5.4% on the current share price of US$9.21. If you buy this business for its dividend, you should have an idea of whether Amcor's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.
该公司的下一次股息将为每股0.125美元,在过去的12个月中,该公司共支付了每股0.50美元。去年的股息支付总额显示,Amcor的尾随收益率为5.4%,而目前的股价为9.21美元。如果你收购这家企业是为了分红,你应该知道Amcor的股息是否可靠和可持续。因此,我们需要检查股息支付是否包括在内,以及收益是否在增长。
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. Amcor distributed an unsustainably high 112% of its profit as dividends to shareholders last year. Without more sustainable payment behaviour, the dividend looks precarious. A useful secondary check can be to evaluate whether Amcor generated enough free cash flow to afford its dividend. It paid out 87% of its free cash flow as dividends, which is within usual limits but will limit the company's ability to lift the dividend if there's no growth.
股息通常从公司收入中支付,因此,如果公司支付的股息超过其收入,则其股息被削减的风险通常更高。去年,Amcor将其利润的112%作为股息分配给股东,其利润居高不下。如果没有更可持续的支付行为,分红就会显得不稳定。一种有用的辅助支票是评估Amcor是否产生了足够的自由现金流来支付其股息。它将自由现金流的87%作为股息支付,这在通常的限额之内,但如果没有增长,将限制公司提高股息的能力。
It's disappointing to see that the dividend was not covered by profits, but cash is more important from a dividend sustainability perspective, and Amcor fortunately did generate enough cash to fund its dividend. Still, if the company repeatedly paid a dividend greater than its profits, we'd be concerned. Very few companies are able to sustainably pay dividends larger than their reported earnings.
令人失望的是,股息没有由利润支付,但从股息可持续性的角度来看,现金更为重要,幸运的是,安姆科确实产生了足够的现金来为其股息提供资金。尽管如此,如果该公司多次支付的股息超过其利润,我们会感到担忧。很少有公司能够持续支付超过其报告收益的股息。
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
点击此处查看该公司的派息率,以及分析师对其未来股息的估计。
![historic-dividend](https://usnewsfile.moomoo.com/public/MM-PersistNewsContentImage/7781/20240222/0-67977398ddf3397c0b4a6b4e7f1a712f-0-01fe43bf4ebae2265b21fcb7016a9c2a.png/big)
Have Earnings And Dividends Been Growing?
收益和股息一直在增长吗?
When earnings decline, dividend companies become much harder to analyse and own safely. If earnings fall far enough, the company could be forced to cut its dividend. So we're not too excited that Amcor's earnings are down 2.2% a year over the past five years.
当收益下降时,股息公司变得更加难以分析和安全拥有。如果收益下降得足够远,该公司可能被迫削减股息。因此,我们对Amcor的收益在过去五年中每年下降2.2%并不感到兴奋。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. In the last five years, Amcor has lifted its dividend by approximately 0.8% a year on average.
衡量公司股息前景的另一种关键方法是衡量其历史股息增长率。在过去的五年中,Amcor的股息平均每年提高约0.8%。
Final Takeaway
最后的外卖
Is Amcor an attractive dividend stock, or better left on the shelf? Earnings per share have been in decline, which is not encouraging. What's more, Amcor is paying out a majority of its earnings and over half its free cash flow. It's hard to say if the business has the financial resources and time to turn things around without cutting the dividend. It's not an attractive combination from a dividend perspective, and we're inclined to pass on this one for the time being.
Amcor是有吸引力的股息股票,还是最好留在货架上?每股收益一直在下降,这并不令人鼓舞。更重要的是,Amcor正在支付其大部分收益和一半以上的自由现金流。很难说企业是否有足够的财务资源和时间在不削减股息的情况下扭转局面。从股息的角度来看,这不是一个有吸引力的组合,我们倾向于暂时放弃这个组合。
So if you're still interested in Amcor despite it's poor dividend qualities, you should be well informed on some of the risks facing this stock. Our analysis shows 3 warning signs for Amcor that we strongly recommend you have a look at before investing in the company.
因此,如果尽管Amcor的股息质量很差,但你仍然对它感兴趣,那么你应该充分了解这只股票面临的一些风险。我们的分析显示了Amcor的3个警告信号,我们强烈建议您在投资该公司之前先看一下。
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,我们不建议只购买你看到的第一只股息股票。以下是精选的具有强大股息支付能力的有趣股票清单。
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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。