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It Might Not Be A Great Idea To Buy United Overseas Insurance Limited (SGX:U13) For Its Next Dividend

It Might Not Be A Great Idea To Buy United Overseas Insurance Limited (SGX:U13) For Its Next Dividend

收購聯合海外保險有限公司(SGX: U13)作爲下一次分紅可能不是一個好主意
Simply Wall St ·  2023/04/17 08:15

United Overseas Insurance Limited (SGX:U13) stock is about to trade ex-dividend in three days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. 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. Therefore, if you purchase United Overseas Insurance's shares on or after the 21st of April, you won't be eligible to receive the dividend, when it is paid on the 5th of May.

聯合海外保險有限公司 (SGX: U13) 股票即將在三天後進行除息交易。通常,除息日是記錄日期(公司確定有資格獲得股息的股東的日期)之前的一個工作日。除息日是需要注意的重要日期,因爲在該日期或之後購買的任何股票都可能意味着未在記錄日期顯示的延遲結算。因此,如果您在4月21日當天或之後購買United Oversear Insurance的股票,則在5月5日支付股息時,您將沒有資格獲得股息。

The company's next dividend payment will be S$0.13 per share. Last year, in total, the company distributed S$0.21 to shareholders. Based on the last year's worth of payments, United Overseas Insurance stock has a trailing yield of around 3.1% on the current share price of SGD6.7. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to investigate whether United Overseas Insurance can afford its dividend, and if the dividend could grow.

該公司的下一次股息將爲每股0.13新元。去年,該公司總共向股東分配了0.21新元。根據去年的付款價值,聯合海外保險股票的後續收益率約爲3.1%,而目前的股價爲6.7新加坡元。我們喜歡看到公司支付股息,但同樣重要的是要確保下金蛋不會殺死我們的金鵝!因此,我們需要調查聯合海外保險能否負擔得起股息,以及股息是否可以增加。

View our latest analysis for United Overseas Insurance

查看我們對聯合海外保險的最新分析

Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. United Overseas Insurance is paying out an acceptable 62% of its profit, a common payout level among most companies.

股息通常從公司收益中支付。如果一家公司支付的股息多於獲得的利潤,那麼分紅可能是不可持續的。聯合海外保險公司支付的利潤爲可接受的62%,這是大多數公司的常見支付水平。

When a company paid out less in dividends than it earned in profit, this generally suggests its dividend is affordable. The lower the % of its profit that it pays out, the greater the margin of safety for the dividend if the business enters a downturn.

當一家公司支付的股息少於其賺取的利潤時,這通常表明其股息是負擔得起的。它支付的利潤百分比越低,在業務進入低迷時分紅的安全餘地就越大。

Click here to see how much of its profit United Overseas Insurance paid out over the last 12 months.

點擊此處查看聯合海外保險在過去12個月中支付了多少利潤。

historic-dividend
SGX:U13 Historic Dividend April 17th 2023
新加坡交易所:U13 歷史股息 2023 年 4 月 17 日

Have Earnings And Dividends Been Growing?

收益和股息一直在增長嗎?

Companies with falling earnings are riskier for dividend shareholders. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. With that in mind, we're discomforted by United Overseas Insurance's 13% per annum decline in earnings in the past five years. When earnings per share fall, the maximum amount of dividends that can be paid also falls.

收益下降的公司對股息股東來說風險更大。如果收益下降而公司被迫削減股息,投資者可能會眼睜睜看着他們的投資價值煙消雲散。考慮到這一點,我們對聯合海外保險在過去五年中收益每年下降13%感到不安。當每股收益下降時,可以支付的最大股息金額也會下降。

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, United Overseas Insurance has increased its dividend at approximately 3.4% a year on average. That's interesting, but the combination of a growing dividend despite declining earnings can typically only be achieved by paying out more of the company's profits. This can be valuable for shareholders, but it can't go on forever.

許多投資者將通過評估股息支付隨着時間的推移發生了多大變化來評估公司的股息表現。在過去的10年中,聯合海外保險將其股息平均每年增加約3.4%。這很有趣,但是儘管收益下降,但股息卻不斷增加,通常只能通過支付更多的公司利潤來實現。這對股東來說可能很有價值,但不可能永遠持續下去。

The Bottom Line

底線

Should investors buy United Overseas Insurance for the upcoming dividend? Earnings per share have been declining and the company is paying out more than half its profits to shareholders; not an enticing combination. This is not an overtly appealing combination of characteristics, and we're just not that interested in this company's dividend.

投資者是否應該爲即將到來的分紅購買聯合海外保險?每股收益一直在下降,該公司向股東支付了超過一半的利潤;這並不是一個誘人的組合。這並不是一個明顯有吸引力的特徵組合,我們只是對這家公司的分紅不那麼感興趣。

So if you're still interested in United Overseas Insurance despite it's poor dividend qualities, you should be well informed on some of the risks facing this stock. For example, United Overseas Insurance has 2 warning signs (and 1 which is potentially serious) we think you should know about.

因此,儘管United Oversear Insurance的股息質量很差,但你仍然對它感興趣,那麼你應該充分了解這隻股票面臨的一些風險。例如,聯合海外保險有 2 個警告標誌 (還有 1 個可能很嚴重)我們認爲你應該知道。

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

如果您在市場上尋找實力雄厚的股息支付者,我們建議 查看我們精選的頂級股息股票。

Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com.
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?擔心內容嗎? 取得聯繫 直接和我們在一起。 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,也沒有考慮您的目標或財務狀況。我們的目標是爲您提供由基本面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公司公告或定性材料。簡而言之,華爾街在上述任何股票中都沒有頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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