Anhui Korrun Co., Ltd. (SZSE:300577) Goes Ex-Dividend Soon
Anhui Korrun Co., Ltd. (SZSE:300577) Goes Ex-Dividend Soon
Anhui Korrun Co., Ltd. (SZSE:300577) stock is about to trade ex-dividend in three days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Meaning, you will need to purchase Anhui Korrun's shares before the 5th of June to receive the dividend, which will be paid on the 5th of June.
安徽开润股份有限公司(深交所股票代码:300577)股票即将在三天后进行除息交易。除息日通常设置为记录日期前一个工作日,即您必须作为股东出现在公司账簿上才能获得股息的截止日期。除息日是需要注意的重要日期,因为在该日或之后购买的任何股票都可能意味着延迟结算,而结算日期并未显示在记录日期。这意味着,您需要在6月5日之前购买安徽开润的股票才能获得股息,股息将在6月5日支付。
The company's next dividend payment will be CN¥0.094 per share. Last year, in total, the company distributed CN¥0.094 to shareholders. Based on the last year's worth of payments, Anhui Korrun has a trailing yield of 0.4% on the current stock price of CN¥21.93. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether Anhui Korrun can afford its dividend, and if the dividend could grow.
该公司的下一次股息将为每股0.094元人民币。去年,该公司总共向股东分配了0.094元人民币。根据去年的付款额,安徽开润的尾随收益率为0.4%,而目前的股价为21.93元人民币。股息是长期持有者投资回报的主要贡献者,但前提是继续支付股息。因此,我们需要调查安徽开润能否负担得起股息,以及股息是否可以增长。
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. Anhui Korrun paid out just 15% of its profit last year, which we think is conservatively low and leaves plenty of margin for unexpected circumstances. 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. The good news is it paid out just 25% of its free cash flow in the last year.
股息通常由公司收益支付。如果一家公司支付的股息超过其利润,那么分红可能是不可持续的。安徽开润去年仅支付了其利润的15%,我们认为这是保守的低水平,为意外情况留下了充足的利润。然而,在评估股息可持续性方面,现金流通常比利润更重要,因此我们应始终检查公司产生的现金是否足以支付股息。好消息是,去年它仅支付了自由现金流的25%。
It's positive to see that Anhui Korrun'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,安徽开润的股息由利润和现金流共同支付,因为这通常表明分红是可持续的,而较低的派息率通常表明在削减股息之前有更大的安全余地。
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。
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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. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. So we're not too excited that Anhui Korrun's earnings are down 4.5% 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。投资者喜欢分红,因此,如果收益下降而股息减少,预计股票将同时被大量抛售。因此,安徽开润的收益在过去五年中每年下降4.5%,我们并不感到兴奋。
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Anhui Korrun has seen its dividend decline 6.8% per annum on average over the past seven years, which is not great to see. It's never nice to see earnings and dividends falling, but at least management has cut the dividend rather than potentially risk the company's health in an attempt to maintain it.
大多数投资者评估公司股息前景的主要方式是查看历史股息增长率。在过去的七年中,安徽开润的股息平均每年下降6.8%,这并不令人满意。看到收益和股息下降从来都不是一件好事,但至少管理层削减了股息,而不是冒着公司的健康风险来维持股息。
The Bottom Line
底线
Has Anhui Korrun got what it takes to maintain its dividend payments? Anhui Korrun 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. While it does have some good things going for it, we're a bit ambivalent and it would take more to convince us of Anhui Korrun's dividend merits.
安徽开润是否有能力维持其股息支付?安徽开润的现金和利润支付率非常低,这可能意味着即使面对每股收益的急剧下降,分红也是可持续的。尽管如此,我们仍认为收益下降是一个警告信号。尽管它确实有一些好处,但我们有点矛盾,要说服我们相信安徽开润的股息优势,还需要更多的时间。
While it's tempting to invest in Anhui Korrun for the dividends alone, you should always be mindful of the risks involved. In terms of investment risks, we've identified 1 warning sign with Anhui Korrun and understanding them should be part of your investment process.
虽然仅凭分红投资安徽开润很诱人,但您应时刻注意所涉及的风险。在投资风险方面,我们已经向安徽开润确定了一个警告信号,并了解它们应该成为您投资过程的一部分。
If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.
如果您在市场上寻找强劲的股息支付者,我们建议您查看我们精选的顶级股息股票。
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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。