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Haw Par Corporation Limited (SGX:H02) Pays A S$0.20 Dividend In Just Three Days

Haw Par Corporation Limited (SGX:H02) Pays A S$0.20 Dividend In Just Three Days

虎豹企业有限公司(新加坡交易所代码:H02)将在三天内派发0.20新元的股息。
Simply Wall St ·  08/17 20:52

Readers hoping to buy Haw Par Corporation Limited (SGX:H02) 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 important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Therefore, if you purchase Haw Par's shares on or after the 22nd of August, you won't be eligible to receive the dividend, when it is paid on the 10th of September.

希望购买虎豹企业股票(新加坡交易所:H02)的投资者需要尽快采取行动,因为该股票即将除息。除息日是股东资格登记截止日的前一个营业日,股东需要在该日前持股以符合派息资格。除息日非常重要,因为任何股票交易都需要在股权登记截止日之前结算才能符合派息资格。因此,如果您在8月22日或之后购买虎豹企业的股票,当分红在9月10日支付时,您将无法获得分红。

The company's next dividend payment will be S$0.20 per share, on the back of last year when the company paid a total of S$0.40 to shareholders. Based on the last year's worth of payments, Haw Par stock has a trailing yield of around 3.9% on the current share price of S$10.25. 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.

公司的下一个股息支付将是每股0.20新元,去年公司向股东支付了总共0.40新元。根据去年的股息总额,虎豹企业股票在目前的股价10.25新元上有约3.9%的股息收益率。股息是许多股东的重要收入来源,但企业的健康状况对于维持股息至关重要。这就是为什么我们应该始终检查股息支付是否可持续,以及企业是否在增长。

If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Fortunately Haw Par's payout ratio is modest, at just 38% of profit. 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. Over the past year it paid out 160% of its free cash flow as dividends, which is uncomfortably high. We're curious about why the company paid out more cash than it generated last year, since this can be one of the early signs that a dividend may be unsustainable.

如果企业的股息支付超过了其利润,则可能导致股息难以为继 - 这不是一个理想的情况。幸运的是,虎豹企业的派息比率适度,仅占利润的38%。但是,对于评估股息可持续性而言,现金流通常比利润更重要,因此我们始终要检查企业是否有足够的现金流来支付其股息。在过去一年中,虎豹企业将其自由现金流的160%用于派息,这是非常高的。我们很好奇为什么公司去年支付的现金超过了其产生的现金,因为这可能是股息难以持续的早期迹象之一。

Haw Par does have a large net cash position on the balance sheet, which could fund large dividends for a time, if the company so chose. Still, smart investors know that it is better to assess dividends relative to the cash and profit generated by the business. Paying dividends out of cash on the balance sheet is not long-term sustainable.

虎豹企业负债表上有大量的净现金,可能在一段时间内为大额股息提供资金,如果公司愿意的话。但是,明智的投资者知道,将股息相对于企业所产生的现金和利润来评估,是更好的方法。从资产负债表上的现金支付股息并非长期可持续的。

Haw Par paid out less in dividends than it reported in profits, but unfortunately it didn't generate enough cash to cover the dividend. Were this to happen repeatedly, this would be a risk to Haw Par's ability to maintain its dividend.

虎豹企业的派息少于其利润报告,但不幸的是,该公司没有产生足够的现金来支付股息。如果这种情况经常发生,这将是虎豹企业维持其股息能力的风险。

Click here to see how much of its profit Haw Par paid out over the last 12 months.

单击此处查看虎豹企业过去12个月中支付的利润的比例。

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SGX:H02 Historic Dividend August 18th 2024
新加坡交易所:H02历史股息表2024年8月18日

Have Earnings And Dividends Been Growing?

收益和股息一直在增长吗?

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 Haw Par earnings per share are up 5.5% per annum over the last five years. Earnings have been growing at a steady rate, but we're concerned dividend payments consumed most of the company's cash flow over the past year.

业务增长前景强劲的企业通常是最好的派息者,因为当每股收益表现良好时,增加股息更容易。投资者喜欢股息,因此如果收益下降并且股息减少,预计股票将同时大幅抛售。这就是为什么看到虎豹企业的每股收益在过去五年中年均增长5.5%时,人们会感到欣慰。收益一直以稳定的速度增长,但我们担心公司在过去一年中的股息支付占用了大部分现金流。

The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. In the past 10 years, Haw Par has increased its dividend at approximately 7.2% a year on average. We're glad to see dividends rising alongside earnings over a number of years, which may be a sign the company intends to share the growth with shareholders.

大多数投资者评估公司的股息前景的主要方式是检查历史上的股息增长率。在过去10年中,虎豹企业的股息每年平均增长了约7.2%。我们很高兴看到多年来股息与收益同步上升,这可能是公司打算与股东分享增长的迹象。

To Sum It Up

总结一下

Is Haw Par worth buying for its dividend? Haw Par delivered reasonable earnings per share growth in recent times, and paid out less than half its profits and 160% of its cash flow over the last year, which is a mediocre outcome. Overall we're not hugely bearish on the stock, but there are likely better dividend investments out there.

虎豹企业的股息值得购买吗?虎豹企业近期的每股收益增长合理,过去一年发放的股息不到其利润的一半,却占其现金流量的160%,这是一个平庸的结果。总体而言,我们对这支股票并不非常看淡,但可能还有更好的股息投资。

However if you're still interested in Haw Par as a potential investment, you should definitely consider some of the risks involved with Haw Par. For example - Haw Par has 1 warning sign we think you should be aware of.

但是,如果您仍然对虎豹企业的潜在投资感兴趣,您应该考虑与虎豹企业相关的一些风险。例如 - 虎豹企业有1个我们认为您应该注意的警告标志。

If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.

如果你在寻找强劲的股息支付者,我们建议查看我们的顶级股息股票选择。

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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.

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