Aztech Global (SGX:8AZ) Could Be A Buy For Its Upcoming Dividend
Aztech Global (SGX:8AZ) Could Be A Buy For Its Upcoming Dividend
Aztech Global Ltd. (SGX:8AZ) 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 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 Aztech Global's shares on or after the 6th of August will not receive the dividend, which will be paid on the 16th of August.
Aztech Global Ltd.(新加坡交易所:8AZ)股票將在三天後開始交易分紅派息。通常,交易日之前的一個工作日股票被視爲去除分紅資格的日期,而公司在這個日期上決定有資格獲得股息的股東。這個日期很重要,因爲無論何時買入或賣出股票,交易需要至少兩個工作日來處理。這意味着在8月6日或之後購買Aztech Global的股票的投資者將無法獲得16萬億的股息。
The company's upcoming dividend is S$0.05 a share, following on from the last 12 months, when the company distributed a total of S$0.10 per share to shareholders. Based on the last year's worth of payments, Aztech Global stock has a trailing yield of around 9.9% on the current share price of S$1.01. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
該公司即將發放的每股股息是0.05新元,在過去的12個月中,該公司爲股東總分配了0.10新元每股。根據去年的收益,以Aztech Global股票當前價格1.01新元爲基礎,該股票的回報率約爲9.9%。長揸人賺取的投資回報中,股利是一個重要的貢獻因素,前提是股息得持續發放。這就是爲什麼我們應該時刻檢查股息是否可持續,而且公司是否在成長。
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. Aztech Global is paying out an acceptable 74% of its profit, a common payout level among most companies. 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. Thankfully its dividend payments took up just 50% of the free cash flow it generated, which is a comfortable payout ratio.
一般來說,公司從收入中支付股息,因此如果一家公司支付的股息高於其收入,其股息通常風險更高。Aztech Global付出了可接受的74%利潤作爲支付股息的方式,這是大多數公司常見的支付水平。然而,自由現金流通常比利潤更重要,以評估股息的可持續性,所以我們應該時刻檢查公司是否產生足夠的現金來支付其股息。幸運的是,其股息支付僅佔其自由現金流的50%,這是一個舒適的支付比率。
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。
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Have Earnings And Dividends Been Growing?
收益和股息一直在增長嗎?
Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If earnings fall far enough, the company could be forced to cut its dividend. Fortunately for readers, Aztech Global's earnings per share have been growing at 14% a year for the past five years. Aztech Global is paying out a bit over half its earnings, which suggests the company is striking a balance between reinvesting in growth, and paying dividends. This is a reasonable combination that could hint at some further dividend increases in the future.
在公司盈利持續增長的情況下,股價穩定的公司往往是最好的股息前景,因爲隨着收益增長,提高股息更容易。如果收益下降,公司可能被迫削減股息。幸運的是,Aztech Global每股收益過去5年增長了14%。該公司支付出去的股息略高於其盈利的一半,這表明該公司在平衡重投資以及支付股息之間取得了平衡。這是一個合理的組合,可能暗示未來會有更多的股息增長。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Aztech Global has delivered an average of 71% per year annual increase in its dividend, based on the past three years of dividend payments. Both per-share earnings and dividends have both been growing rapidly in recent times, which is great to see.
衡量公司股息前景另一個關鍵的方法是衡量其歷史股息增長率。基於過去三年的股息支付,Aztech Global的股息平均每年增長了71%。每股收益和股息都在近期快速增長,這是一個好的跡象。
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。
From a dividend perspective, should investors buy or avoid Aztech Global? Aztech Global's growing earnings per share and conservative payout ratios make for a decent combination. We also like that it paid out a lower percentage of its cash flow. Aztech Global looks solid on this analysis overall, and we'd definitely consider investigating it more closely.
從股息的角度看,投資者是否應該購買或避免Aztech Global?Aztech Global每股盈利增長和保守的支付比率的組合使其成爲一個不錯的選擇。我們也喜歡它支付現金流的較低比例。總的來說,從這個分析來看,Aztech Global看起來非常穩健,我們一定會考慮進一步調查。
While it's tempting to invest in Aztech Global for the dividends alone, you should always be mindful of the risks involved. Case in point: We've spotted 1 warning sign for Aztech Global you should be aware of.
雖然僅想投資Aztech Global以獲得股息回報看起來很誘人,但您應該時刻注意所涉及的風險。例如:我們注意到Aztech Global有1個警示信號需要您知道。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@simplywallst.com。
譯文內容由第三人軟體翻譯。