Readers hoping to buy Noel Gifts International Ltd (SGX:543) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. 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. In other words, investors can purchase Noel Gifts International's shares before the 1st of November in order to be eligible for the dividend, which will be paid on the 9th of November.
The company's upcoming dividend is S$0.015 a share, following on from the last 12 months, when the company distributed a total of S$0.015 per share to shareholders. Looking at the last 12 months of distributions, Noel Gifts International has a trailing yield of approximately 7.0% on its current stock price of SGD0.215. If you buy this business for its dividend, you should have an idea of whether Noel Gifts International's dividend is reliable and sustainable. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
Check out our latest analysis for Noel Gifts International
Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. Noel Gifts International is paying out just 11% of its profit after tax, which is comfortably low and leaves plenty of breathing room in the case of adverse events. 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. Luckily it paid out just 19% of its free cash flow last year.
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.
Click here to see how much of its profit Noel Gifts International paid out over the last 12 months.
![historic-dividend](https://newsfile.futunn.com/pic/0-20833328-0-5723ce22fd3de236ebb96419f0adac02.png/big)
SGX:543 Historic Dividend October 27th 2022
Have Earnings And Dividends Been Growing?
Companies with consistently growing earnings per share generally make the best dividend stocks, as they usually find it easier to grow dividends per share. If earnings fall far enough, the company could be forced to cut its dividend. Fortunately for readers, Noel Gifts International's earnings per share have been growing at 16% a year for the past five years. Earnings per share have been growing rapidly and the company is retaining a majority of its earnings within the business. This will make it easier to fund future growth efforts and we think this is an attractive combination - plus the dividend can always be increased later.
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Noel Gifts International has delivered an average of 1.4% per year annual increase in its dividend, based on the past 10 years of dividend payments. Earnings per share have been growing much quicker than dividends, potentially because Noel Gifts International is keeping back more of its profits to grow the business.
The Bottom Line
Has Noel Gifts International got what it takes to maintain its dividend payments? Noel Gifts International has grown its earnings per share while simultaneously reinvesting in the business. Unfortunately it's cut the dividend at least once in the past 10 years, but the conservative payout ratio makes the current dividend look sustainable. Overall we think this is an attractive combination and worthy of further research.
In light of that, while Noel Gifts International has an appealing dividend, it's worth knowing the risks involved with this stock. We've identified 5 warning signs with Noel Gifts International (at least 2 which shouldn't be ignored), and understanding these should be part of your investment process.
Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers.
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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.
希望購買的讀者諾爾禮品國際有限公司(SGX:543)的股息將需要很快採取行動,因為該股即將進行不含股息的交易。除股息日期是記錄日期之前的一個工作日,這是股東在公司賬面上有資格獲得股息支付的截止日期。除息日期是重要的,因為每當買賣一隻股票時,交易至少需要兩個工作日才能結算。換句話説,投資者可以在11月1日之前購買諾埃爾禮品國際的股票,以便有資格獲得將於11月9日支付的股息。
該公司即將發放的股息為每股0.015新元,而過去12個月,該公司總共向股東分配了每股0.015新元的股息。看看過去12個月的分配情況,Noel Gifts International的往績收益率約為7.0%,目前的股價為0.215新元。如果你為了分紅而收購這項業務,你應該知道諾埃爾禮品國際的分紅是否可靠和可持續。這就是為什麼我們應該總是檢查股息支付是否看起來可持續,以及公司是否在增長。
查看我們對諾埃爾禮品國際公司的最新分析
股息通常從公司收益中支付。如果一家公司支付的股息超過了它的利潤,那麼股息可能是不可持續的。諾埃爾禮品國際僅支付其税後利潤的11%,這是一個令人欣慰的低水平,並在發生不良事件時留出了足夠的喘息空間。然而,在評估股息可持續性時,現金流通常比利潤更重要,因此我們應該始終檢查公司是否產生了足夠的現金來支付股息。幸運的是,它去年只支付了自由現金流的19%。
看到利潤和現金流都涵蓋了股息,這是令人鼓舞的。這通常表明,只要收益不會急劇下降,股息是可持續的。
點擊這裏查看Noel Gifts International在過去12個月中支付了多少利潤。
![historic-dividend](https://newsfile.futunn.com/pic/0-20833328-0-5723ce22fd3de236ebb96419f0adac02.png/big)
新交所:543歷史股息2022年10月27日
盈利和股息一直在增長嗎?
每股收益持續增長的公司通常會獲得最好的股息股票,因為它們通常會發現更容易增加每股股息。如果收益降幅足夠大,該公司可能會被迫削減股息。對讀者來説,幸運的是,諾埃爾禮品國際公司的每股收益在過去五年中以每年16%的速度增長。每股收益一直在快速增長,該公司將大部分收益保留在業務中。這將使為未來的增長努力提供資金變得更容易,我們認為這是一個有吸引力的組合-加上股息總是可以在以後增加。
許多投資者將通過評估一家公司的股息支付隨着時間的推移發生了多大變化來評估公司的股息表現。基於過去10年的股息支付,諾埃爾禮品國際公司的股息平均每年增加1.4%。每股收益的增長速度一直遠遠快於股息的增長,這可能是因為諾埃爾禮品國際保留了更多的利潤來發展業務。
底線
Noel Gifts International是否獲得了維持股息支付的能力?諾埃爾禮品國際公司在對業務進行再投資的同時,實現了每股收益的增長。不幸的是,它在過去10年中至少削減了一次股息,但保守的派息率讓目前的股息看起來是可持續的。總體而言,我們認為這是一個有吸引力的組合,值得進一步研究。
有鑑於此,雖然Noel Gifts International擁有誘人的股息,但瞭解這隻股票所涉及的風險是值得的。我們已經確定了5個警告信號與Noel Gifts International合作(至少有兩個不應被忽視),瞭解這些應該是你投資過程的一部分。
一般來説,我們不會建議只購買你看到的第一批股息股票。這是這是一份精心挑選的股息支付強勁的有趣股票的名單。
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
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。