Dividend Investors: Don't Be Too Quick To Buy Nanfang Black Sesame Group Co.,Ltd. (SZSE:000716) For Its Upcoming Dividend
Dividend Investors: Don't Be Too Quick To Buy Nanfang Black Sesame Group Co.,Ltd. (SZSE:000716) For Its Upcoming Dividend
Readers hoping to buy Nanfang Black Sesame Group Co.,Ltd. (SZSE:000716) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. 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 important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. In other words, investors can purchase Nanfang Black Sesame GroupLtd's shares before the 22nd of August in order to be eligible for the dividend, which will be paid on the 22nd of August.
想通過分紅派息購買南方黑芝麻集團股份的投資者需要儘快採取行動,因爲股票即將在除淨日交易。除淨日通常設爲股東名冊日前一天,也就是必須出現在公司股東名冊上以使您有資格獲得分紅的截止日期。除淨日很重要,因爲股票上任何交易必須在股權登記日前結算,以便有資格獲得分紅。換句話說,投資者可以在8月22日之前購買南方黑芝麻集團股票以獲得分紅,該分紅將在8月22日支付。
The company's next dividend payment will be CN¥0.05 per share, and in the last 12 months, the company paid a total of CN¥0.05 per share. Based on the last year's worth of payments, Nanfang Black Sesame GroupLtd stock has a trailing yield of around 1.4% on the current share price of CN¥3.63. 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 Nanfang Black Sesame GroupLtd can afford its dividend, and if the dividend could grow.
該公司的下一個股息支付爲每股人民幣0.05元,在過去的12個月中,該公司支付了每股人民幣0.05元的股息。根據去年的股息發放情況,南方黑芝麻集團的股票在當前每股人民幣3.63元的股價上有約1.4%的尾隨收益。對於長期股東而言,股息是投資回報的重要貢獻者,但前提是分紅能夠持續支付。因此,我們需要調查南方黑芝麻集團是否有能力支付其分紅,以及分紅是否能夠增長。
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Last year, Nanfang Black Sesame GroupLtd paid out 105% of its income as dividends, which is above a level that we're comfortable with, especially if the company needs to reinvest in its business. A useful secondary check can be to evaluate whether Nanfang Black Sesame GroupLtd generated enough free cash flow to afford its dividend. Nanfang Black Sesame GroupLtd paid out more free cash flow than it generated - 111%, to be precise - last year, which we think is concerningly high. It's hard to consistently pay out more cash than you generate without either borrowing or using company cash, so we'd wonder how the company justifies this payout level.
如果一家公司支付的股利超過了其所賺金額,那麼這個股利可能會變得不可持續 - 這顯然不是一個理想的情況。去年,南方黑芝麻集團將其收入的105%作爲股息支付了出去,這遠高於我們舒適的水平,特別是如果公司需要重新投資業務的話。進行有用的輔助檢查可以評估南方黑芝麻集團是否產生足夠的自由現金流以支付其股息。去年,南方黑芝麻集團支付出的自由現金流超過了其生成的自由現金流,達到了111%,我們認爲這個比例過高令人擔憂。很難不斷地支付比所生成的現金更多的現金,除非通過借債或使用公司現金進行,因此我們會想知道公司如何證明這個支付水平的合理性。由於南方黑芝麻集團的股息既不被盈利也不被現金流量予以覆蓋,所以我們擔心這個股息在長期內可能面臨風險。
As Nanfang Black Sesame GroupLtd's dividend was not well covered by either earnings or cash flow, we would be concerned that this dividend could be at risk over the long term.
因爲南方黑芝麻集團的股息既不被盈利也不被現金流量予以覆蓋,所以我們擔心其股息在長期內可能面臨風險。
Click here to see how much of its profit Nanfang Black Sesame GroupLtd paid out over the last 12 months.
點擊這裏,查看南方黑芝麻集團有限公司在過去12個月中支付的利潤分紅派息。
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Have Earnings And Dividends Been Growing?
收益和股息一直在增長嗎?
Businesses with shrinking earnings are tricky from a dividend perspective. If earnings fall far enough, the company could be forced to cut its dividend. With that in mind, we're discomforted by Nanfang Black Sesame GroupLtd's 11% per annum decline in earnings in the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend.
從股息角度來看,收益下降的企業很棘手。如果收益下降到足夠程度,公司可能被迫削減股息。有鑑於此,我們對南方黑芝麻集團在過去五年中營收下降了11%感到不適。如此大幅下降,對分紅的未來可持續性產生了疑慮。
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, Nanfang Black Sesame GroupLtd has increased its dividend at approximately 7.2% a year on average. That's intriguing, but the combination of growing dividends despite declining earnings can typically only be achieved by paying out a larger percentage of profits. Nanfang Black Sesame GroupLtd is already paying out a high percentage of its income, so without earnings growth, we're doubtful of whether this dividend will grow much in the future.
許多投資者將評估公司的股息表現,方法是評估股息支付在一定時間內的變化情況。在過去的10年中,南方黑芝麻集團的股息平均每年增加約7.2%。這很有趣,但在盈利下降的情況下增長股息通常只能通過支付更高比例的利潤來實現。南方黑芝麻集團已經支付了高比例的收入,因此在沒有盈利增長的情況下,我們對股息能否在未來大幅增長表示懷疑。
Final Takeaway
最後的結論
Is Nanfang Black Sesame GroupLtd worth buying for its dividend? It's looking like an unattractive opportunity, with its earnings per share declining, while, paying out an uncomfortably high percentage of both its profits (105%) and cash flow as dividends. Unless there are grounds to believe a turnaround is imminent, this is one of the least attractive dividend stocks under this analysis. Bottom line: Nanfang Black Sesame GroupLtd has some unfortunate characteristics that we think could lead to sub-optimal outcomes for dividend investors.
南方黑芝麻集團的股息值得買入嗎?公司的每股收益正在下降,同時,其利潤(105%)和現金流(111%)支付的比例都非常不舒適。除非有理由相信翻轉即將發生,否則這是分析中最不吸引人的股息股票之一。總之,南方黑芝麻集團具有一些不幸的特徵,我們認爲這可能會導致股息投資者的次優結果。
So if you're still interested in Nanfang Black Sesame GroupLtd despite it's poor dividend qualities, you should be well informed on some of the risks facing this stock. Be aware that Nanfang Black Sesame GroupLtd is showing 3 warning signs in our investment analysis, and 2 of those make us uncomfortable...
因此,即使南方黑芝麻集團的股息質量很差,如果您仍然對其感興趣,也應該了解一些股票面臨的風險。請注意,根據我們的投資分析,南方黑芝麻集團表現出了3個警示信號,其中有2個讓我們感到不適...
Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers.
一般來說,我們不建議僅僅購買第一個股息股票。下面是一個經過策劃的有趣的、股息表現良好的股票清單。
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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。