Here's What We Like About Neway Valve (Suzhou)'s (SHSE:603699) Upcoming Dividend
Here's What We Like About Neway Valve (Suzhou)'s (SHSE:603699) Upcoming Dividend
It looks like Neway Valve (Suzhou) Co., Ltd. (SHSE:603699) is about to go ex-dividend in the next 4 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. 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. Accordingly, Neway Valve (Suzhou) investors that purchase the stock on or after the 10th of July will not receive the dividend, which will be paid on the 10th of July.
看來紐威閥門（蘇州）有限公司（上海證券交易所股票代碼：603699）即將在未來4天內除息。除息日通常設置爲記錄日期前一個工作日，即您必須作爲股東出現在公司賬簿上才能獲得股息的截止日期。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，在7月10日當天或之後購買股票的紐威閥門（蘇州）投資者將不會獲得股息，股息將在7月10日支付。
The company's next dividend payment will be CN¥0.52 per share, and in the last 12 months, the company paid a total of CN¥0.52 per share. Based on the last year's worth of payments, Neway Valve (Suzhou) has a trailing yield of 3.1% on the current stock price of CN¥16.67. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
該公司的下一次股息將爲每股0.52元人民幣，在過去的12個月中，該公司共支付了每股0.52元人民幣。根據去年的付款額，紐威閥門（蘇州）的尾隨收益率爲3.1％，而目前的股價爲16.67元人民幣。股息是許多股東的重要收入來源，但業務的健康狀況對於維持這些股息至關重要。這就是爲什麼我們應該經常檢查股息支付是否可持續，以及公司是否在增長。
Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Fortunately Neway Valve (Suzhou)'s payout ratio is modest, at just 48% 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. It paid out 79% 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.
股息通常從公司利潤中支付，因此，如果公司支付的股息超過其收入，則其股息被削減的風險通常更大。幸運的是，紐威閥門（蘇州）的派息率不高，僅佔利潤的48％。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。它將自由現金流的79％作爲股息支付，這在通常的限額之內，但如果沒有增長，將限制公司提高股息的能力。
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。
Have Earnings And Dividends Been Growing?
收益和股息一直在增長嗎？
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 business enters a downturn and the dividend is cut, the company could see its value fall precipitously. It's encouraging to see Neway Valve (Suzhou) has grown its earnings rapidly, up 24% a year for the past five years.
每股收益持續增長的公司通常會生產最好的股息股票，因爲他們通常會發現增加每股股息更容易。如果業務陷入低迷並削減股息，該公司的價值可能會急劇下降。令人鼓舞的是，紐威閥門（蘇州）的收益迅速增長，在過去五年中每年增長24％。
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. In the past 10 years, Neway Valve (Suzhou) has increased its dividend at approximately 4.0% a year on average. Earnings per share have been growing much quicker than dividends, potentially because Neway Valve (Suzhou) is keeping back more of its profits to grow the business.
許多投資者將通過評估股息支付在一段時間內發生了多大變化來評估公司的股息表現。在過去的10年中，紐威閥門（蘇州）的股息平均每年增加約4.0％。每股收益的增長速度遠快於分紅，這可能是因爲紐威閥門（蘇州）保留了更多利潤來發展業務。
The Bottom Line
底線
Should investors buy Neway Valve (Suzhou) for the upcoming dividend? Earnings per share have grown at a nice rate in recent times and over the last year, Neway Valve (Suzhou) paid out less than half its earnings and a bit over half its free cash flow. Neway Valve (Suzhou) looks solid on this analysis overall, and we'd definitely consider investigating it more closely.
投資者是否應該爲即將到來的股息買入紐威閥門（蘇州）？最近每股收益以不錯的速度增長，在過去的一年中，紐威閥門（蘇州）支付的收益不到一半，自由現金流略高於一半。紐威閥門（蘇州）的總體分析看起來很可靠，我們一定會考慮對其進行更仔細的研究。
So while Neway Valve (Suzhou) looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. For example - Neway Valve (Suzhou) has 1 warning sign we think you should be aware of.
因此，儘管從股息的角度來看，紐威閥門（蘇州）看起來不錯，但了解該股所涉及的最新風險總是值得的。例如-紐威閥門（蘇州）有 1 個警告標誌，我們認爲您應該注意。
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買入你看到的第一隻有趣的股票。在這裏你可以找到高收益股息股票的完整清單。
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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.
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 或者，給編輯團隊 (at) simplywallst.com 發送電子郵件。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對這篇文章有反饋嗎？對內容感到擔憂？直接聯繫我們。 或者，發送電子郵件至 editorial-team@simplywallst.com