Steelcase Inc. (NYSE:SCS) Pays A US$0.10 Dividend In Just Three Days
Steelcase Inc. (NYSE:SCS) Pays A US$0.10 Dividend In Just Three Days
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Steelcase Inc. (NYSE:SCS) is about to go ex-dividend in just three 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. 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. Meaning, you will need to purchase Steelcase's shares before the 3rd of July to receive the dividend, which will be paid on the 15th of July.
一些投資者依靠分紅派息來增加財富。如果你是這些股息獵人之一，那麼你可能會對知道Steelcase公司（NYSE:SCS）將在三天內開始除息感到感興趣。除息日通常設在股權登記日前一天，而股權登記日則是必須以股東身份出現在公司記帳簿上的截止日期，以便收到股息。除息日很重要，因爲任何股票交易在股權登記日之前必須得到結算才有資格獲得股息。也就是說，你需要在7月3日之前購買Steelcase的股票才能收到於7月15日支付的股息。
The company's next dividend payment will be US$0.10 per share. Last year, in total, the company distributed US$0.40 to shareholders. Looking at the last 12 months of distributions, Steelcase has a trailing yield of approximately 3.1% on its current stock price of US$12.96. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it's growing.
公司下個派息將爲每股0.10美元。去年，該公司總計向股東派發了0.40美元。觀察分配近12個月的數據，Steelcase當前股價12.96美元，其分紅率約爲3.1%。長揸者的投資回報中，股息是主要貢獻者，但前提是這個股息繼續派發下去，我們需要確認公司盈利是否覆蓋派息，並且股息是否有增長。
Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Steelcase paid out 52% of its earnings to investors last year, a normal payout level for most businesses. 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. Fortunately, it paid out only 25% of its free cash flow in the past year.
分紅派息通常由公司的收入支付。因此，如果一家公司支付金額超過其收入，那麼其股息通常面臨更高的風險會被削減。Steelcase去年向投資者支付了其收益的52%，這在大多數企業中是正常的出資比例。然而，對於評估股息的可持續性來說，現金流比利潤通常更爲重要，因此我們要始終檢查公司是否產生足夠的現金來支付其分紅。幸運的是，它過去一年僅支付了其自由現金流的25%。
It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously.
看到股息既有盈利也有現金流的覆蓋是令人鼓舞的。這通常表明股息是可持續的，只要收益沒有急劇下降。
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
點擊此處查看公司的支付比率以及未來分紅的分析師預期。
Have Earnings And Dividends Been Growing?
收益和股息一直在增長嗎？
When earnings decline, dividend companies become much harder to analyse and own safely. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. With that in mind, we're discomforted by Steelcase's 6.2% per annum decline in earnings in the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend.
當盈利下降時，分紅公司的分析和安全持有變得更加困難。如果企業陷入經濟低迷期並削減股息，那麼該公司可能會看到其價值急劇下跌。考慮到這一點，我們不安於Steelcase過去五年每股收益下降了6.2%。這樣的急劇下降使股息的未來可持續性產生懷疑。
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. It looks like the Steelcase dividends are largely the same as they were 10 years ago. When earnings are declining yet the dividends are flat, typically the company is either paying out a higher portion of its earnings, or paying out of cash or debt on the balance sheet, neither of which is ideal.
大多數投資者確定公司的股息前景的主要方法是檢查股息增長的歷史速度。看起來，Steelcase的股息跟10年前差別不大。當盈利下降但股息不變時，通常公司要麼支付了更高比例的收益，要麼支付了在資產負債表中的現金或債務，這兩種情況都不理想。
The Bottom Line
還有一件事需要注意的是，我們已經確定了上海醫藥的2個警告信號，了解這些信號應該成爲你的投資過程的一部分。
Is Steelcase an attractive dividend stock, or better left on the shelf? We're not enthused by the declining earnings per share, although at least the company's payout ratio is within a reasonable range, meaning it may not be at imminent risk of a dividend cut. All things considered, we are not particularly enthused about Steelcase from a dividend perspective.
Steelcase作爲有吸引力的分紅股嗎，或者最好將其放在一邊？我們對下降的每股收益並不感到滿意，儘管至少公司的派息比例處於合理範圍內，這意味着其可能不會立即面臨分紅減少的風險。總體而言，從分紅方面考慮，我們對Steelcase並不是特別滿意。
However if you're still interested in Steelcase as a potential investment, you should definitely consider some of the risks involved with Steelcase. Case in point: We've spotted 1 warning sign for Steelcase you should be aware of.
但是如果你仍然對Steelcase作爲一個潛在投資感興趣，你一定需要考慮與Steelcase相關的風險。一個案例：我們發現了針對Steelcase的1個警示標誌，你應該注意。
A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks.
一個常見的投資錯誤是購買你看到的第一個有趣的股票。在這裏，您可以找到高股息股票的完整列表。
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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.
對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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譯文內容由第三人軟體翻譯。