Is It Smart To Buy Harley-Davidson, Inc. (NYSE:HOG) Before It Goes Ex-Dividend?
Is It Smart To Buy Harley-Davidson, Inc. (NYSE:HOG) Before It Goes Ex-Dividend?
Harley-Davidson, Inc. (NYSE:HOG) stock is about to trade ex-dividend in 4 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. 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. Thus, you can purchase Harley-Davidson's shares before the 1st of March in order to receive the dividend, which the company will pay on the 20th of March.
哈雷戴維森公司(紐約證券交易所代碼:HOG)的股票即將在4天后進行除息交易。除息日發生在記錄日期的前一天,即股東需要在公司賬簿上登記才能獲得股息的日子。注意除息日很重要,因爲任何股票交易都必須在記錄日當天或之前結算。因此,您可以在3月1日之前購買哈雷戴維森的股票,以獲得股息,該公司將在3月20日支付股息。
The company's upcoming dividend is US$0.1725 a share, following on from the last 12 months, when the company distributed a total of US$0.66 per share to shareholders. Looking at the last 12 months of distributions, Harley-Davidson has a trailing yield of approximately 1.9% on its current stock price of US$36.75. If you buy this business for its dividend, you should have an idea of whether Harley-Davidson's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing.
該公司即將派發的股息爲每股0.1725美元,此前該公司向股東共分配了每股0.66美元。從過去12個月的分配情況來看,哈雷戴維森的追蹤收益率約爲1.9%,而目前的股價爲36.75美元。如果你收購這家企業是爲了分紅,你應該知道哈雷戴維森的股息是否可靠和可持續。我們需要看看股息是否由收益支付,以及股息是否在增長。
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Harley-Davidson paid out just 13% of its profit last year, which we think is conservatively low and leaves plenty of margin for unexpected circumstances. 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. Luckily it paid out just 18% of its free cash flow last year.
如果一家公司支付的股息超過其收入,那麼股息可能會變得不可持續,這並不是一個理想的情況。去年,哈雷戴維森僅支付了其利潤的13%,我們認爲這是保守的低水平,爲意外情況留下了充足的利潤。然而,對於評估股息而言,現金流比利潤更爲重要,因此我們需要查看公司是否產生了足夠的現金來支付分紅。幸運的是,它去年僅支付了自由現金流的18%。
It's positive to see that Harley-Davidson'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.
可以肯定的是,哈雷戴維森的股息由利潤和現金流共同支付,因爲這通常表明股息是可持續的,而較低的派息率通常表明在削減股息之前有更大的安全餘地。
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/7781/20240225/0-fdd67dac299d80c012dca95854827537-0-099e5b4b79d07806f64a4a36e5ea45c6.png/big)
Have Earnings And Dividends Been Growing?
收益和股息一直在增長嗎?
Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. 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 Harley-Davidson, with earnings per share up 9.6% on average over the last five years. Earnings per share have been growing at a decent rate, and the company is retaining more than three-quarters of its earnings in the business. This is an attractive combination, because when profits are reinvested effectively, growth can compound, with corresponding benefits for earnings and dividends in the future.
實現可持續收益增長的公司的股票通常具有最佳的股息前景,因爲當收益上升時,更容易提高股息。如果收益下降得足夠遠,該公司可能被迫削減股息。考慮到這一點,哈雷戴維森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9.6%。每股收益一直以可觀的速度增長,該公司在該業務中保留了四分之三以上的收益。這是一個有吸引力的組合,因爲當利潤得到有效的再投資時,增長可以複合增長,從而爲未來的收益和分紅帶來相應的收益。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Harley-Davidson has seen its dividend decline 1.9% per annum on average over the past 10 years, which is not great to see.
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。在過去的10年中,哈雷戴維森的股息平均每年下降1.9%,這並不令人滿意。
Final Takeaway
最後的外賣
Is Harley-Davidson worth buying for its dividend? Earnings per share growth has been growing somewhat, and Harley-Davidson 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 Harley-Davidson is halfway there. Harley-Davidson looks solid on this analysis overall, and we'd definitely consider investigating it more closely.
哈雷戴維森值得爲其分紅買入嗎?每股收益有所增長,哈雷戴維森將不到一半的收益和現金流作爲股息支付。這很有趣,原因有很多,因爲這表明管理層可能正在對該業務進行大量再投資,但它也爲及時增加股息提供了空間。我們希望看到收益更快地增長,但從長遠來看,最好的股息股票通常將每股收益的顯著增長與較低的派息率相結合,而哈雷戴維森則處於其中的一半。總體而言,哈雷戴維森的分析看起來很可靠,我們一定會考慮對其進行更仔細的調查。
With that in mind, a critical part of thorough stock research is being aware of any risks that stock currently faces. For example, Harley-Davidson has 3 warning signs (and 2 which are a bit concerning) we think you should know about.
考慮到這一點,徹底的股票研究的關鍵部分是意識到股票目前面臨的任何風險。例如,哈雷戴維森有3個警告信號(其中2個有點令人擔憂),我們認爲你應該知道。
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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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。