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Don't Buy ARC Document Solutions, Inc. (NYSE:ARC) For Its Next Dividend Without Doing These Checks

Don't Buy ARC Document Solutions, Inc. (NYSE:ARC) For Its Next Dividend Without Doing These Checks

如果不做這些支票,不要購買 ARC Document Solutions, Inc.(紐約證券交易所代碼:ARC)作爲下一次分紅
Simply Wall St ·  04/24 18:26

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see ARC Document Solutions, Inc. (NYSE:ARC) is about to trade ex-dividend in the next 4 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. This means that investors who purchase ARC Document Solutions' shares on or after the 29th of April will not receive the dividend, which will be paid on the 31st of May.

普通讀者會知道我們喜歡Simply Wall St的股息,這就是爲什麼看到ARC Document Solutions, Inc.(紐約證券交易所代碼:ARC)即將在未來4天內進行除息交易令人興奮的原因。除息日發生在記錄日期的前一天,即股東需要在公司賬簿上登記才能獲得股息的日子。除息日之所以如此,是因爲每當買入或賣出股票時,交易至少需要兩個工作日才能結算。這意味着在4月29日當天或之後購買ARC Document Solutions股票的投資者將不會獲得股息,股息將在5月31日支付。

The company's next dividend payment will be US$0.05 per share. Last year, in total, the company distributed US$0.20 to shareholders. Based on the last year's worth of payments, ARC Document Solutions stock has a trailing yield of around 7.5% on the current share price of US$2.68. If you buy this business for its dividend, you should have an idea of whether ARC Document Solutions's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.

該公司的下一次股息將爲每股0.05美元。去年,該公司總共向股東分配了0.20美元。根據去年的支付額,ARC Document Solutions股票的尾隨收益率約爲7.5%,而目前的股價爲2.68美元。如果你收購這家企業是爲了分紅,你應該知道ARC Document Solutions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。

If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Last year ARC Document Solutions paid out 103% of its profits as dividends to shareholders, suggesting the dividend is not well covered by earnings. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. Thankfully its dividend payments took up just 33% of the free cash flow it generated, which is a comfortable payout ratio.

如果一家公司支付的股息超過其收入,那麼股息可能會變得不可持續,這並不是一個理想的情況。去年,ARC Document Solutions將其利潤的103%作爲股息支付給了股東,這表明收益無法很好地彌補股息。然而,對於評估股息而言,現金流比利潤更爲重要,因此我們需要查看公司是否產生了足夠的現金來支付分紅。值得慶幸的是,其股息支付僅佔其產生的自由現金流的33%,這是一個不錯的派息率。

It's good to see that while ARC Document Solutions's dividends were not covered by profits, at least they are affordable from a cash perspective. If executives were to continue paying more in dividends than the company reported in profits, we'd view this as a warning sign. Very few companies are able to sustainably pay dividends larger than their reported earnings.

很高興看到,儘管ARC Document Solutions的股息沒有由利潤支付,但至少從現金的角度來看,它們是可以承受的。如果高管支付的股息繼續超過公司公佈的利潤,我們會將其視爲警告信號。很少有公司能夠持續支付超過其報告收益的股息。

Click here to see how much of its profit ARC Document Solutions paid out over the last 12 months.

點擊此處查看ARC Document Solutions在過去12個月中支付了多少利潤。

historic-dividend
NYSE:ARC Historic Dividend April 24th 2024
紐約證券交易所:ARC 歷史股息 2024 年 4 月 24 日

Have Earnings And Dividends Been Growing?

收益和股息一直在增長嗎?

Companies that aren't growing their earnings can still be valuable, but it is even more important to assess the sustainability of the dividend if it looks like the company will struggle to grow. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. That explains why we're not overly excited about ARC Document Solutions's flat earnings over the past five years. Better than seeing them fall off a cliff, for sure, but the best dividend stocks grow their earnings meaningfully over the long run.

收益沒有增長的公司可能仍然是有價值的,但是如果公司看起來難以發展,那麼評估股息的可持續性就顯得尤爲重要。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。這解釋了爲什麼我們對ARC Document Solutions在過去五年中的固定收益並不感到過於興奮。當然,總比看到它們從懸崖上掉下來要好,但從長遠來看,最好的股息股票的收益會有意義地增長。

The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. In the last four years, ARC Document Solutions has lifted its dividend by approximately 50% a year on average.

大多數投資者評估公司股息前景的主要方式是查看歷史股息增長率。在過去的四年中,ARC Document Solutions平均每年將其股息提高約50%。

Final Takeaway

最後的外賣

Has ARC Document Solutions got what it takes to maintain its dividend payments? Earnings per share have been effectively flat, which is a bit of a concern given the company is paying out 103% of its profit as dividends, which we feel is uncomfortably high. It's not an attractive combination from a dividend perspective, and we're inclined to pass on this one for the time being.

ARC Document Solutions有能力維持其股息支付嗎?每股收益實際上一直持平,這有點令人擔憂,因爲該公司將利潤的103%作爲股息支付,我們認爲股息之高令人不安。從股息的角度來看,這不是一個有吸引力的組合,我們傾向於暫時放棄這個組合。

So if you're still interested in ARC Document Solutions despite it's poor dividend qualities, you should be well informed on some of the risks facing this stock. To help with this, we've discovered 1 warning sign for ARC Document Solutions that you should be aware of before investing in their shares.

因此,如果儘管ARC Document Solutions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該股面臨的一些風險。爲了幫助解決這個問題,我們發現了ARC Document Solutions的一個警告信號,在投資他們的股票之前,你應該注意這一點。

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強勁的股息支付者,我們建議您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?對內容感到擔憂?直接聯繫我們。 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,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

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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