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 CapitaLand India Trust (SGX:CY6U) is about to go ex-dividend in just 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. In other words, investors can purchase CapitaLand India Trust's shares before the 24th of February in order to be eligible for the dividend, which will be paid on the 6th of March.
The company's upcoming dividend is S$0.039 a share, following on from the last 12 months, when the company distributed a total of S$0.082 per share to shareholders. Looking at the last 12 months of distributions, CapitaLand India Trust has a trailing yield of approximately 7.0% on its current stock price of SGD1.17. If you buy this business for its dividend, you should have an idea of whether CapitaLand India Trust's dividend is reliable and sustainable. So we need to investigate whether CapitaLand India Trust can afford its dividend, and if the dividend could grow.
See our latest analysis for CapitaLand India Trust
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. CapitaLand India Trust paid out 69% of its earnings to investors last year, a normal payout level for most businesses. 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. Dividends consumed 64% of the company's free cash flow last year, which is within a normal range for most dividend-paying organisations.
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 the company's payout ratio, plus analyst estimates of its future dividends.
SGX:CY6U Historic Dividend February 20th 2023
Have Earnings And Dividends Been Growing?
When earnings decline, dividend companies become much harder to analyse and own safely. If earnings fall far enough, the company could be forced to cut its dividend. So we're not too excited that CapitaLand India Trust's earnings are down 4.2% a year over the past five years.
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Since the start of our data, 10 years ago, CapitaLand India Trust has lifted its dividend by approximately 3.3% a year on average. That's interesting, but the combination of a growing dividend despite declining earnings can typically only be achieved by paying out more of the company's profits. This can be valuable for shareholders, but it can't go on forever.
Final Takeaway
Is CapitaLand India Trust worth buying for its dividend? While earnings per share are shrinking, it's encouraging to see that at least CapitaLand India Trust's dividend appears sustainable, with earnings and cashflow payout ratios that are within reasonable bounds. Bottom line: CapitaLand India Trust has some unfortunate characteristics that we think could lead to sub-optimal outcomes for dividend investors.
Although, if you're still interested in CapitaLand India Trust and want to know more, you'll find it very useful to know what risks this stock faces. To help with this, we've discovered 4 warning signs for CapitaLand India Trust (1 shouldn't be ignored!) that you ought to be aware of before buying the shares.
A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks.
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. 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.
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 CapitaLand India Trust (SGX:CY6U) is about to go ex-dividend in just 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. In other words, investors can purchase CapitaLand India Trust's shares before the 24th of February in order to be eligible for the dividend, which will be paid on the 6th of March.
一些投资者依靠股息来增加他们的财富，如果你是股息侦探中的一员，你可能会感兴趣地知道CapitaLand印度信托基金(SGX：CY6U)即将在短短三天内除息。通常，除息日期是记录日期之前的一个工作日，记录日期是公司确定有资格获得股息的股东的日期。除息日期是重要的，因为每当买卖一只股票时，交易至少需要两个工作日才能结算。换句话说，投资者可以在2月24日之前购买CapitaLand India Trust的股票，以便有资格获得将于3月6日支付的股息。
The company's upcoming dividend is S$0.039 a share, following on from the last 12 months, when the company distributed a total of S$0.082 per share to shareholders. Looking at the last 12 months of distributions, CapitaLand India Trust has a trailing yield of approximately 7.0% on its current stock price of SGD1.17. If you buy this business for its dividend, you should have an idea of whether CapitaLand India Trust's dividend is reliable and sustainable. So we need to investigate whether CapitaLand India Trust can afford its dividend, and if the dividend could grow.
该公司即将发放的股息为每股0.039新元，而过去12个月，该公司总共向股东分配了每股0.082新元的股息。看看过去12个月的分配情况，CapitaLand India Trust的往绩收益率约为7.0%，目前的股价为1.17新元。如果你收购这项业务是为了分红，你应该对CapitaLand India Trust的分红是否可靠和可持续有所了解。因此，我们需要调查CapitaLand India Trust能否支付得起股息，以及股息是否会增长。
See our latest analysis for CapitaLand India Trust
查看我们对凯德置地印度信托基金的最新分析
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. CapitaLand India Trust paid out 69% of its earnings to investors last year, a normal payout level for most businesses. 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. Dividends consumed 64% of the company's free cash flow last year, which is within a normal range for most dividend-paying organisations.
如果一家公司支付的股息超过了它赚取的股息，那么股息可能会变得不可持续--这几乎不是一个理想的情况。CapitaLand India Trust去年将其盈利的69%支付给了投资者，这对大多数企业来说是正常的支付水平。这就是说，即使是高利润的公司有时也可能无法产生足够的现金来支付股息，这就是为什么我们应该总是检查股息是否由现金流覆盖。去年，股息消耗了公司自由现金流的64%，对于大多数支付股息的组织来说，这在正常范围内。
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.
看到利润和现金流都涵盖了股息，这是令人鼓舞的。这通常表明，只要收益不会急剧下降，股息是可持续的。
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
点击此处查看该公司的派息率，以及分析师对其未来股息的估计。
SGX:CY6U Historic Dividend February 20th 2023
新交所：2023年2月20日CY6U历史性红利
Have Earnings And Dividends Been Growing?
盈利和股息一直在增长吗？
When earnings decline, dividend companies become much harder to analyse and own safely. If earnings fall far enough, the company could be forced to cut its dividend. So we're not too excited that CapitaLand India Trust's earnings are down 4.2% a year over the past five years.
当收益下降时，股利公司就更难分析和安全持有了。如果收益降幅足够大，该公司可能会被迫削减股息。因此，我们对CapitaLand India Trust的收益在过去五年里每年下降4.2%并不是太兴奋。
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Since the start of our data, 10 years ago, CapitaLand India Trust has lifted its dividend by approximately 3.3% a year on average. That's interesting, but the combination of a growing dividend despite declining earnings can typically only be achieved by paying out more of the company's profits. This can be valuable for shareholders, but it can't go on forever.
许多投资者将通过评估一家公司的股息支付随着时间的推移发生了多大变化来评估公司的股息表现。自10年前开始我们的数据以来，CapitaLand India Trust的股息平均每年提高约3.3%。这很有趣，但在盈利下降的情况下，股息增加的组合通常只能通过支付更多的公司利润来实现。这对股东来说可能很有价值，但不可能永远持续下去。
Final Takeaway
最终外卖
Is CapitaLand India Trust worth buying for its dividend? While earnings per share are shrinking, it's encouraging to see that at least CapitaLand India Trust's dividend appears sustainable, with earnings and cashflow payout ratios that are within reasonable bounds. Bottom line: CapitaLand India Trust has some unfortunate characteristics that we think could lead to sub-optimal outcomes for dividend investors.
CapitaLand India Trust值得为其派息而收购吗？虽然每股收益在缩水，但令人鼓舞的是，至少CapitaLand India Trust的股息似乎是可持续的，收益和现金流支付率都在合理范围内。一句话：CapitaLand India Trust有一些令人遗憾的特点，我们认为这些特点可能会导致股息投资者的结果不太理想。
Although, if you're still interested in CapitaLand India Trust and want to know more, you'll find it very useful to know what risks this stock faces. To help with this, we've discovered 4 warning signs for CapitaLand India Trust (1 shouldn't be ignored!) that you ought to be aware of before buying the shares.
然而，如果你仍然对CapitaLand India Trust感兴趣，并想知道更多，你会发现了解这只股票面临的风险是非常有用的。为了帮助解决这个问题，我们发现CapitaLand印度信托基金的4个警告信号(1不应该被忽视！)在购买股票之前，你应该意识到这一点。
A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks.
一个常见的投资错误是购买你看到的第一只有趣的股票。在这里你可以找到高收益股息股的完整名单。
Have feedback on this article? Concerned about the content?Get in touch with us directly. Alternatively, email editorial-team (at) simplywallst.com. 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.
