It looks like Azeus Systems Holdings Ltd. (SGX:BBW) is about to go ex-dividend in the next 3 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 Azeus Systems Holdings' shares before the 17th of October to receive the dividend, which will be paid on the 31st of October.
The company's upcoming dividend is HK$1.62 a share, following on from the last 12 months, when the company distributed a total of HK$1.62 per share to shareholders. Calculating the last year's worth of payments shows that Azeus Systems Holdings has a trailing yield of 4.1% on the current share price of SGD7.15. If you buy this business for its dividend, you should have an idea of whether Azeus Systems Holdings's dividend is reliable and sustainable. As a result, readers should always check whether Azeus Systems Holdings has been able to grow its dividends, or if the dividend might be cut.
Check out our latest analysis for Azeus Systems Holdings
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Last year, Azeus Systems Holdings paid out 100% of its income as dividends, which is above a level that we're comfortable with, especially if the company needs to reinvest in its business. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. It paid out 20% of its free cash flow as dividends last year, which is conservatively low.
It's disappointing to see that the dividend was not covered by profits, but cash is more important from a dividend sustainability perspective, and Azeus Systems Holdings fortunately did generate enough cash to fund its dividend. If executives were to continue paying more in dividends than the company reported in profits, we'd view this as a warning sign. Extraordinarily few companies are capable of persistently paying a dividend that is greater than their profits.
Click here to see how much of its profit Azeus Systems Holdings paid out over the last 12 months.
SGX:BBW Historic Dividend October 13th 2022
Have Earnings And Dividends Been Growing?
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 business enters a downturn and the dividend is cut, the company could see its value fall precipitously. That's why it's comforting to see Azeus Systems Holdings's earnings have been skyrocketing, up 59% per annum for the past five years.
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. In the past 10 years, Azeus Systems Holdings has increased its dividend at approximately 17% a year on average. It's exciting to see that both earnings and dividends per share have grown rapidly over the past few years.
The Bottom Line
Has Azeus Systems Holdings got what it takes to maintain its dividend payments? Earnings per share have been rising nicely although, even though its cashflow payout ratio is low, we question why Azeus Systems Holdings is paying out so much of its profit. Overall, it's hard to get excited about Azeus Systems Holdings from a dividend perspective.
On that note, you'll want to research what risks Azeus Systems Holdings is facing. For example, Azeus Systems Holdings has 2 warning signs (and 1 which is a bit unpleasant) we think you should know about.
A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks.
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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.
看起來像是Azeus Systems Holdings Ltd.(新加坡證券交易所股票代碼:BBW)將在未來3天內除息。除息日期通常被設定為記錄日期之前的一個工作日,也就是你必須作為股東出現在公司賬簿上才能獲得股息的截止日期。除息日期很重要,因為股票的任何交易都需要在記錄日期之前結算,才有資格獲得股息。這意味着,你需要在10月17日之前購買Azeus Systems Holdings的股票才能獲得股息,股息將在10月31日支付。
該公司即將派發的股息為每股1.62港元,此前該公司在過去12個月向股東共派發了每股1.62港元的股息。計算去年的支付金額顯示,Azeus Systems Holdings目前的股價為7.15新元,往績收益率為4.1%。如果你為了分紅而收購這項業務,你應該對Azeus Systems Holdings的分紅是否可靠和可持續有所瞭解。因此,讀者應該隨時查看Azeus Systems Holdings是否能夠增加股息,或者股息是否可能被削減。
查看我們對Azeus Systems Holdings的最新分析
如果一家公司支付的股息超過了它賺取的股息,那麼股息可能會變得不可持續--這幾乎不是一個理想的情況。去年,Azeus Systems Holdings支付了100%的收入作為股息,這一水平高於我們所能接受的水平,特別是在該公司需要對其業務進行再投資的情況下。這就是説,即使是高利潤的公司有時也可能無法產生足夠的現金來支付股息,這就是為什麼我們應該總是檢查股息是否由現金流覆蓋。它去年支付了20%的自由現金流作為股息,這是保守的低水平。
看到股息沒有被利潤覆蓋令人失望,但從股息可持續性的角度來看,現金更重要,而Azeus Systems Holdings幸運地產生了足夠的現金來為其股息提供資金。如果高管支付的股息繼續高於公司公佈的利潤,我們會認為這是一個警告信號。有能力持續支付高於利潤的股息的公司少之又少。
點擊此處查看Azeus Systems Holdings在過去12個月中支付了多少利潤。
新交所:BBW歷史性紅利2022年10月13日
盈利和股息一直在增長嗎?
產生可持續收益增長的公司的股票往往是最好的股息前景,因為當收益上升時,提高股息更容易。如果業務進入低迷,股息被削減,該公司的價值可能會急劇縮水。這就是為什麼看到Azeus Systems Holdings的收益一直在飆升--過去五年每年增長59%--令人欣慰的原因。
衡量一家公司股息前景的另一個關鍵方法是衡量其歷史股息增長率。在過去10年中,Azeus Systems Holdings平均每年增加約17%的股息。令人興奮的是,過去幾年,每股收益和股息都快速增長。
底線
Azeus Systems Holdings是否獲得了維持股息支付的能力?每股收益一直在良好增長,儘管其現金流支付率很低,但我們質疑Azeus Systems Holdings為什麼要支付如此多的利潤。總體而言,從分紅的角度來看,人們很難對Azeus Systems Holdings感到興奮。
在這一點上,你會想要研究Azeus Systems Holdings面臨的風險。例如,Azeus Systems Holdings擁有2個警告標誌(和1,這有點不愉快)我們認為你應該知道。
一個常見的投資錯誤是購買你看到的第一隻有趣的股票。在這裏你可以找到高收益股息股的完整名單。
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本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。