Four Days Left To Buy Escalade, Incorporated (NASDAQ:ESCA) Before The Ex-Dividend Date
Four Days Left To Buy Escalade, Incorporated (NASDAQ:ESCA) Before The Ex-Dividend Date
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 Escalade, Incorporated (NASDAQ:ESCA) is about to go ex-dividend in just four days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a 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. Accordingly, Escalade investors that purchase the stock on or after the 8th of July will not receive the dividend, which will be paid on the 15th of July.
一些投資者依靠分紅來增加財富，如果你是其中的一個分紅追隨者，你可能想知道Escalade公司（納斯達克代碼：ESCA）即將在四天內進入分紅除淨日。分紅除淨日是公司股權登記日的前一天，股權登記日是公司確定哪些股東有資格接收股息的日期。注意除淨日很重要，因爲任何對該股票的交易都需要在股權登記日或之前結算。因此，7月8日或之後購買該股票的Escalade投資者將不會收到於7月15日支付的分紅。
The company's next dividend payment will be US$0.15 per share, on the back of last year when the company paid a total of US$0.60 to shareholders. Calculating the last year's worth of payments shows that Escalade has a trailing yield of 4.4% on the current share price of US$13.54. 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 Escalade can afford its dividend, and if the dividend could grow.
該公司下一筆股息支付將爲每股0.15美元，而去年該公司向股東支付總計0.60美元。計算去年的股息收益可以得知，以當前每股價值13.54美元來計算，Escalade的股息成爲4.4％的回報。對於長揸者來說，股息是投資回報的主要貢獻者，但前提是公司繼續支付股息。因此，我們需要調查Escalade是否負擔得起其分紅，以及分紅是否會增加。
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. Escalade paid out 66% of its earnings to investors last year, a normal payout level for most businesses. A useful secondary check can be to evaluate whether Escalade generated enough free cash flow to afford its dividend. It paid out 15% of its free cash flow as dividends last year, which is conservatively low.
分紅通常是從公司收入中支付的，因此，如果公司支付的數額超過其盈利，其分紅通常更有可能被削減。去年，Escalade向投資者支付了其盈利的66％，這是大多數企業正常的支付水平。一個有用的輔助檢查方法是評估Escalade是否產生足夠的自由現金流來支持其分紅。去年，它將其自由現金流的15％用於支付股息，這是相對保守的低水平。
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 how much of its profit Escalade paid out over the last 12 months.
點擊此處，了解Escalade在過去12個月中支付了多少利潤。
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 business enters a downturn and the dividend is cut, the company could see its value fall precipitously. Escalade's earnings per share have fallen at approximately 8.6% a year over the previous five years. Ultimately, when earnings per share decline, the size of the pie from which dividends can be paid, shrinks.
從分紅的角度來看，盈利下降的企業通常比較棘手。如果企業進入衰退，股息可能會被削減，公司的價值可能會急劇下降。近5年來，Escalade的每股收益下降了約8.6％。最終，當每股收益下降時，可以支付股息的餅乾大小也會縮小。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Escalade has delivered an average of 6.5% per year annual increase in its dividend, based on the past 10 years of dividend payments. Growing the dividend payout ratio while earnings are declining can deliver nice returns for a while, but it's always worth checking for when the company can't increase the payout ratio any more - because then the music stops.
衡量公司股息前景的另一個關鍵方法是測量其歷史股息增長率。根據過去10年的股息支付情況，Escalade的股息平均每年增長了6.5％。在每股收益下降的情況下增加股息支付率可以在一段時間內產生良好的回報，但是一旦公司無法再增加支付比率，音樂就會停止。
To Sum It Up
總結一下
Has Escalade got what it takes to maintain its dividend payments? The payout ratios are within a reasonable range, implying the dividend may be sustainable. Declining earnings are a serious concern, however, and could pose a threat to the dividend in future. Overall, it's not a bad combination, but we feel that there are likely more attractive dividend prospects out there.
Escalade有能力維持其股息支付嗎？支付比率在合理範圍內，說明分紅可能是可持續的。然而，收益下降是一個嚴重的問題，可能會對未來的分紅構成威脅。總的來說，這不是一個壞的組合，但我們認爲可能會有更有吸引力的分紅前景。
If you want to look further into Escalade, it's worth knowing the risks this business faces. For example - Escalade has 1 warning sign we think you should be aware of.
如果您想更深入地了解Escalade，了解該業務面臨的風險很重要。例如，Escalade有1個警告標誌，我們認爲您應該知道。
If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.
如果你在尋找強勁的股息支付者，我們建議查看我們的頂級股息股票選擇。
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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.
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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。
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。