Read This Before Considering NVE Corporation (NASDAQ:NVEC) For Its Upcoming US$1.00 Dividend
Read This Before Considering NVE Corporation (NASDAQ:NVEC) For Its Upcoming US$1.00 Dividend
NVE Corporation (NASDAQ:NVEC) is about to trade ex-dividend in the next four days. 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. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Thus, you can purchase NVE's shares before the 26th of January in order to receive the dividend, which the company will pay on the 28th of February.
NVE公司(納斯達克股票代碼:NVEC)即將在未來四天內進行除息交易。除息日通常設置爲記錄日期前一個工作日,即您必須作爲股東出現在公司賬簿上才能獲得股息的截止日期。注意除息日很重要,因爲任何股票交易都必須在記錄日當天或之前結算。因此,您可以在1月26日之前購買NVE的股票以獲得股息,該公司將在2月28日支付股息。
The company's upcoming dividend is US$1.00 a share, following on from the last 12 months, when the company distributed a total of US$4.00 per share to shareholders. Based on the last year's worth of payments, NVE has a trailing yield of 5.2% on the current stock price of $77.35. If you buy this business for its dividend, you should have an idea of whether NVE's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.
該公司即將派發的股息爲每股1.00美元,此前該公司向股東共分配了每股4.00美元。根據去年的付款額,NVE的尾隨收益率爲5.2%,而目前的股價爲77.35美元。如果你收購這家企業是爲了分紅,你應該知道NVE的股息是否可靠和可持續。因此,我們需要檢查股息支付是否包括在內,以及收益是否在增長。
See our latest analysis for NVE
查看我們對 NVE 的最新分析
Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Its dividend payout ratio is 90% of profit, which means the company is paying out a majority of its earnings. The relatively limited profit reinvestment could slow the rate of future earnings growth. We'd be concerned if earnings began to decline. A useful secondary check can be to evaluate whether NVE generated enough free cash flow to afford its dividend. It paid out 100% of its free cash flow in the form of dividends last year, which is outside the comfort zone for most businesses. Cash flows are usually much more volatile than earnings, so this could be a temporary effect - but we'd generally want to look more closely here.
股息通常從公司利潤中支付,因此,如果公司支付的股息超過其收入,則其股息被削減的風險通常更大。其股息支付率爲利潤的90%,這意味着該公司正在支付其大部分收益。相對有限的利潤再投資可能會減緩未來的收益增長速度。如果收益開始下降,我們會感到擔憂。一種有用的輔助支票是評估NVE是否產生了足夠的自由現金流來支付其股息。去年,它以股息的形式支付了100%的自由現金流,這對於大多數企業來說超出了舒適範圍。現金流的波動性通常比收益大得多,因此這可能是暫時的影響——但我們通常希望在這裏進行更仔細的研究。
NVE paid out less in dividends than it reported in profits, but unfortunately it didn't generate enough cash to cover the dividend. Cash is king, as they say, and were NVE to repeatedly pay dividends that aren't well covered by cashflow, we would consider this a warning sign.
NVE支付的股息少於其報告的利潤,但不幸的是,它產生的現金不足以支付股息。正如他們所說,現金爲王,如果NVE反覆支付現金流無法充分覆蓋的股息,我們會認爲這是一個警告信號。
Click here to see how much of its profit NVE paid out over the last 12 months.
點擊此處查看NVE在過去12個月中支付了多少利潤。
![historic-dividend](https://newsfile.futunn.com/public/NN-PersistNewsContentImage/7781/20240121/0-4f8e618ff7942e3480819dd2369bc500-0-76419d54e56136bb17b5172e0c4a7204.png/big)
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. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. With that in mind, we're encouraged by the steady growth at NVE, with earnings per share up 9.2% on average 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.
增長前景強勁的企業通常是最佳的股息支付者,因爲當每股收益改善時,更容易增加股息。如果業務陷入低迷並削減股息,該公司的價值可能會急劇下降。考慮到這一點,NVE的穩定增長令我們感到鼓舞,在過去五年中,每股收益平均增長9.2%。收益一直在穩步增長,但我們擔心股息支付在過去一年中消耗了公司的大部分現金流。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. NVE's dividend payments are effectively flat on where they were nine years ago.
衡量公司股息前景的另一種關鍵方法是衡量其歷史股息增長率。NVE的股息支付額實際上與九年前持平。
The Bottom Line
底線
Is NVE an attractive dividend stock, or better left on the shelf? Earnings per share have grown somewhat, although NVE paid out over half its profits and the dividend was not well covered by free cash flow. It's not that we think NVE is a bad company, but these characteristics don't generally lead to outstanding dividend performance.
NVE是有吸引力的股息股票,還是最好留在貨架上?儘管NVE支付了超過一半的利潤,而且股息沒有被自由現金流充分支付,但每股收益有所增長。並不是說我們認爲NVE是一家糟糕的公司,但這些特徵通常不會帶來出色的股息表現。
Although, if you're still interested in NVE and want to know more, you'll find it very useful to know what risks this stock faces. Every company has risks, and we've spotted 1 warning sign for NVE you should know about.
但是,如果你仍然對NVE感興趣並想了解更多,你會發現了解這隻股票面臨的風險非常有用。每家公司都有風險,我們發現了一個你應該知道的NVE警告信號。
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.
通常,我們不建議只買入您看到的第一隻股息股票。以下是精選的具有強勁股息支付能力的有趣股票清單。
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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提供基於歷史數據和分析師預測的評論,我們的文章並非旨在提供財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不會考慮最新的價格敏感型公司公告或定性材料。華爾街只是沒有持有上述任何股票的頭寸。
譯文內容由第三人軟體翻譯。