Wynn Resorts, Limited (NASDAQ:WYNN) Looks Interesting, And It's About To Pay A Dividend
Wynn Resorts, Limited (NASDAQ:WYNN) Looks Interesting, And It's About To Pay A Dividend
It looks like Wynn Resorts, Limited (NASDAQ:WYNN) is about to go ex-dividend in the next 4 days. 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. Accordingly, Wynn Resorts investors that purchase the stock on or after the 19th of August will not receive the dividend, which will be paid on the 30th of August.
看起來永利度假村有限公司(NASDAQ:WYNN)即將在下4天去除股息。 股息日是記錄日前1個工作日,這是股東出現在公司賬頁上以有資格獲得股息支付的截止日期。 股息日是需要注意的重要日期,因爲在該日期之後或之後購買股票可能意味着延遲結算,這不能在記錄日顯示。 因此,自8月19日之後購買該股票的永利度假村股票投資者將不會收到股息,股息將在8月30萬億支付。
The company's next dividend payment will be US$0.25 per share, on the back of last year when the company paid a total of US$1.00 to shareholders. Based on the last year's worth of payments, Wynn Resorts stock has a trailing yield of around 1.3% on the current share price of US$74.20. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it's growing.
公司下一個股息支付將爲每股US$0.25,在去年,公司向股東支付總數爲US$1.00。 基於去年的支付金額,永利度假村的股票在當前股價US$74.20上的回報率約爲1.3%。 長揸人的投資回報主要歸因於股息,但前提是該股息繼續支付。 我們需要查看股息是否由收益覆蓋以及其是否在增長。
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Wynn Resorts is paying out just 13% of its profit after tax, which is comfortably low and leaves plenty of breathing room in the case of adverse events. 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. Luckily it paid out just 14% of its free cash flow last year.
如果公司支付的股息超過了其盈利,則股息可能變得不可持續- 這幾乎不是理想的情況。 該公司支付的利潤稅後僅佔其利潤的13%,相對較低,留給不利事件大量空間。 但是,對於評估股息可持續性來說,現金流通常比利潤更重要,因此我們應該始終檢查公司是否產生了足夠的現金來支付其股息。 幸運的是,它去年支付了其自由現金流的14%。
It's positive to see that Wynn Resorts'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.
看到永利度假村的股息不僅由利潤而且由現金流覆蓋是積極的,因爲這通常表明該股息是可持續的,而較低的支付比率通常意味着在削減股息之前有更大的安全保障。
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?
Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. This is why it's a relief to see Wynn Resorts earnings per share are up 8.0% per annum 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.
業務增長前景強勁的企業通常成爲最好的股息支付者,因爲當每股收益提高時,增加股息更容易。 投資者喜歡股息,因此如果收益下降並且股息減少,可以同時預期股票大量拋售。 這就是爲什麼看到永利度假村的每股收益在過去五年裏年增長率爲8.0%是一種寬慰。 每股收益一直以不錯的速度增長,公司正在保留其三分之三以上的盈利。 這是一個有吸引力的組合,因爲當利潤有效地再投資時,增長可能會複合,從而帶來對未來收益和股息的對應益處。
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Wynn Resorts's dividend payments per share have declined at 22% per year on average over the past 10 years, which is uninspiring. It's unusual to see earnings per share increasing at the same time as dividends per share have been in decline. We'd hope it's because the company is reinvesting heavily in its business, but it could also suggest business is lumpy.
許多投資者將評估公司的股息表現,評估股息支付每股變化了多少。 永利度假村每股支付的股息每年平均下降了22%,在過去的10年中,這令人沮喪。 股息每股一直下降,而每股收益卻在同一時間增長是不尋常的。 我們希望這是因爲公司在其業務上大力再投資,但也可能表示業務不穩定。
To Sum It Up
總結一下
Has Wynn Resorts got what it takes to maintain its dividend payments? Earnings per share have been growing moderately, and Wynn Resorts is paying out less than half its earnings and cash flow as dividends, which is an attractive combination as it suggests the company is investing in growth. It might be nice to see earnings growing faster, but Wynn Resorts is being conservative with its dividend payouts and could still perform reasonably over the long run. Overall we think this is an attractive combination and worthy of further research.
永利度假村是否具備維持其股息支付的能力? 每股收益增長適中,而永利度假村支付的股息和現金流只佔其收益和現金流的不到一半,這是一種有吸引力的組合,因爲它表明公司正在投資增長。 希望收益增長更快,但永利度假村主張保守,並且在長期內仍然表現得相當不錯。 總的來說,我們認爲這是一個有吸引力的組合,值得進一步研究。
On that note, you'll want to research what risks Wynn Resorts is facing. For instance, we've identified 4 warning signs for Wynn Resorts (2 shouldn't be ignored) you should be aware of.
在此筆記中,您將希望研究永利度假村面臨的風險。 例如,我們已確定永利度假村存在4個警告信號(不應忽略的2個)。
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購買你看到的第一個有趣的股票。在這裏,您可以找到高股息股票的完整列表。
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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。