Don't Race Out To Buy Dana Incorporated (NYSE:DAN) Just Because It's Going Ex-Dividend
Don't Race Out To Buy Dana Incorporated (NYSE:DAN) Just Because It's Going Ex-Dividend
Readers hoping to buy Dana Incorporated (NYSE:DAN) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. 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 Dana's shares before the 9th of August to receive the dividend, which will be paid on the 30th of August.
希望購買達納公司(紐交所:DAN)股息的讀者需要儘快行動,因爲股票即將交易除息。除息日是股東持股截止日前一個工作日,也是股東資格截止日,持有該公司股票的股東才有資格獲得股息支付。了解除息日的重要性非常關鍵,因爲在該日期之後或之上購買的股票可能意味着遲到的結算,不會在記錄日顯示。這意味着,您需要在8月9日之前購買達納公司的股票才能在8月30日之前獲得分紅派息。
The company's next dividend payment will be US$0.10 per share, on the back of last year when the company paid a total of US$0.40 to shareholders. Calculating the last year's worth of payments shows that Dana has a trailing yield of 3.6% on the current share price of US$11.24. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing.
該公司下一個股息支付將爲每股0.10美元,去年該公司向股東支付了總額爲0.40美元的股息。計算去年的付款總額顯示,達納在當前股價11.24美元的情況下擁有3.6%的滾動收益率。股息是許多股東的重要收入來源,但企業的健康狀況對於維持這些股息至關重要。我們需要看到是否股息有盈利覆蓋,以及是否在不斷增長。
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. Dana paid a dividend last year despite being unprofitable. This might be a one-off event, but it's not a sustainable state of affairs in the long run. With the recent loss, it's important to check if the business generated enough cash to pay its dividend. If Dana didn't generate enough cash to pay the dividend, then it must have either paid from cash in the bank or by borrowing money, neither of which is sustainable in the long term. It paid out 92% of its free cash flow in the form of dividends last year, which is outside the comfort zone for most businesses. Companies usually need cash more than they need earnings - expenses don't pay themselves - so it's not great to see it paying out so much of its cash flow.
股息通常是從公司收入中支付的,因此如果公司支付的股息超過了其所賺的金額,則其股息通常面臨更高的風險被削減。雖然達納去年沒有盈利,但仍然支付了股息。這可能是一次性事件,但從長遠來看,這不是可持續的狀態。隨着最近的虧損,檢查公司是否產生足夠的現金來支付其股息至關重要。如果達納沒有產生足夠的現金來支付股息,則股息必須通過銀行儲備金或借款來支付,這兩種方式均不可持續。它去年以自由現金流的92%形式支付股息,這超出了大多數企業的安全區間。公司通常需要現金而不是收益-花費不會自己付-因此看到它支付了如此多的現金流出不是很好。
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
點擊此處查看公司的支付比率以及未來分紅的分析師預期。
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Have Earnings And Dividends Been Growing?
收益和股息一直在增長嗎?
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. Dana reported a loss last year, and the general trend suggests its earnings have also been declining in recent years, making us wonder if the dividend is at risk.
當盈利下降時,股息公司變得更加難以分析並安全擁有。投資者熱衷於股息,因此如果收入減少和股息減少,同時期望股票大量出售。達納去年報告了虧損,一般趨勢表明其收益近年來也在下降,這讓我們想知道股息是否面臨風險。
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, Dana has lifted its dividend by approximately 7.2% a year on average.
衡量公司股息前景的另一個關鍵方法是通過衡量其歷史股息增長率來衡量。自我們的數據開始以來,即10年前,達納的股息平均每年增長約7.2%。
Get our latest analysis on Dana's balance sheet health here.
在此獲取有關達納資產負債表健康狀況的最新分析。
Final Takeaway
最後的結論
Has Dana got what it takes to maintain its dividend payments? We're a bit uncomfortable with it paying a dividend while being loss-making, especially given that the dividend was not well covered by free cash flow. Bottom line: Dana has some unfortunate characteristics that we think could lead to sub-optimal outcomes for dividend investors.
達納在虧損的情況下支付股息,這讓我們有點不舒服,尤其是考慮到股息未被充分的自由現金流所覆蓋。最後一句話:達納具有某些不利特徵,我們認爲這可能導致股息投資者的次優結果。
With that in mind though, if the poor dividend characteristics of Dana don't faze you, it's worth being mindful of the risks involved with this business. Our analysis shows 2 warning signs for Dana and you should be aware of them before buying any shares.
儘管如此,如果達納的股息不佳特徵不讓您感到驚訝,則值得注意的是與這種業務相關的風險。我們的分析顯示,對於達納存在兩個警告信號,購買任何股票之前都應該注意它們。
If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.
如果你在尋找強勁的股息支付者,我們建議查看我們的頂級股息股票選擇。
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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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論,只使用公正的方法論,我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議,也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意,我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。