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Should Income Investors Look At Valuetronics Holdings Limited (SGX:BN2) Before Its Ex-Dividend?

Should Income Investors Look At Valuetronics Holdings Limited (SGX:BN2) Before Its Ex-Dividend?

收益投資者是否應該在除息前考慮匯創控股有限公司(新加坡證券交易所股票代碼:BN2)?
Simply Wall St ·  2023/11/18 06:13

Valuetronics Holdings Limited (SGX:BN2) stock is about to trade ex-dividend in 4 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. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Meaning, you will need to purchase Valuetronics Holdings' shares before the 22nd of November to receive the dividend, which will be paid on the 1st of December.

Valuetronics Holdings Limited(新加坡證券交易所股票代碼:BN2)股票即將在4天后進行除息交易。除息日是公司記錄日期之前的一個工作日,即公司決定哪些股東有權獲得股息的日期。除息日很重要,因爲結算過程涉及兩個完整的工作日。因此,如果你錯過了那個日期,你就不會在記錄日期出現在公司的賬簿上。這意味着,您需要在11月22日之前購買Valuetronics Holdings的股票才能獲得股息,該股息將在12月1日支付。

The company's next dividend payment will be HK$0.08 per share, and in the last 12 months, the company paid a total of HK$0.18 per share. Based on the last year's worth of payments, Valuetronics Holdings stock has a trailing yield of around 5.6% on the current share price of SGD0.555. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to investigate whether Valuetronics Holdings can afford its dividend, and if the dividend could grow.

該公司的下一次股息將爲每股0.08港元,在過去的12個月中,該公司共支付每股0.18港元。根據去年的付款額,Valuetronics Holdings股票的追蹤收益率約爲5.6%,而目前的股價爲0.555新加坡元。我們喜歡看到公司支付股息,但同樣重要的是要確保產下金蛋不會殺死我們的金鵝!因此,我們需要調查Valuetronics Holdings能否負擔得起股息,以及股息能否增長。

See our latest analysis for Valuetronics Holdings

查看我們對 Valuetronics Holdings 的最新分析

Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Fortunately Valuetronics Holdings's payout ratio is modest, at just 39% of profit. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. Fortunately, it paid out only 36% of its free cash flow in the past year.

股息通常由公司利潤支付,因此,如果公司支付的股息超過其收入,則其股息被削減的風險通常更大。幸運的是,Valuetronics Holdings的派息率不高,僅佔利潤的39%。然而,在評估股息方面,現金流甚至比利潤更爲重要,因此我們需要看看公司是否產生了足夠的現金來支付分配。幸運的是,它在過去一年中僅支付了其自由現金流的36%。

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.

令人鼓舞的是,股息由利潤和現金流共同支付。這通常表明,只要收益不急劇下降,股息是可持續的。

Click here to see the company's payout ratio, plus analyst estimates of its future dividends.

點擊此處查看該公司的派息率,以及分析師對其未來股息的估計。

historic-dividend
SGX:BN2 Historic Dividend November 17th 2023
新加坡證券交易所:BN2 2023 年 11 月 17 日曆史股息

Have Earnings And Dividends Been Growing?

收益和股息一直在增長嗎?

Companies with falling earnings are riskier for dividend shareholders. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. With that in mind, we're discomforted by Valuetronics Holdings's 5.8% per annum decline in earnings in the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend.

收益下降的公司對股息股東來說風險更大。投資者喜歡分紅,因此,如果收益下降而股息減少,預計股票將同時被大量拋售。考慮到這一點,我們對Valuetronics Holdings在過去五年中每年的收益下降5.8%感到不安。如此急劇的下降使人們對股息的未來可持續性產生了懷疑。

Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Valuetronics Holdings has delivered an average of 9.5% per year annual increase in its dividend, based on the past 10 years of dividend payments.

許多投資者將通過評估股息支付隨時間推移而發生的變化來評估公司的股息表現。根據過去10年的股息支付情況,Valuetronics Holdings的股息平均每年增長9.5%。

To Sum It Up

總結一下

Is Valuetronics Holdings an attractive dividend stock, or better left on the shelf? Earnings per share are down meaningfully, although at least the company is paying out a low and conservative percentage of both its earnings and cash flow. It's definitely not great to see earnings falling, but at least there may be some buffer before the dividend needs to be cut. While it does have some good things going for it, we're a bit ambivalent and it would take more to convince us of Valuetronics Holdings's dividend merits.

Valuetronics Holdings是一隻有吸引力的股息股,還是最好留在貨架上?儘管至少該公司支付的收益和現金流比例較低且保守,但每股收益卻大幅下降。看到收益下降絕對不是一件好事,但至少在需要削減股息之前可能會有一些緩衝。儘管它確實有一些好處,但我們有點矛盾,要說服我們相信Valuetronics Holdings的分紅優勢,還需要更多時間。

So while Valuetronics Holdings looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. To help with this, we've discovered 1 warning sign for Valuetronics Holdings that you should be aware of before investing in their shares.

因此,儘管從股息的角度來看,Valuetronics Holdings看起來不錯,但了解這隻股票所涉及的最新風險總是值得的。爲了幫助解決這個問題,我們發現了Valuetronics Holdings的1個警告信號,在投資他們的股票之前,你應該注意這一點。

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.

通常,我們不建議只購買你看到的第一隻股息股票。以下是精選的具有強大股息支付能力的有趣股票清單。

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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

譯文內容由第三人軟體翻譯。


以上內容僅用作資訊或教育之目的,不構成與富途相關的任何投資建議。富途竭力但無法保證上述全部內容的真實性、準確性和原創性。
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