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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?

收益投资者是否应该在除息前考虑汇创控股有限公司(新加坡证券交易所股票代码: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(新加坡证券交易所股票代码:BN2)股票即将在4天后进行除息交易。除息日是公司记录日期之前的一个工作日,即公司决定哪些股东有权获得股息的日期。除息日很重要,因为结算过程涉及两个完整的工作日。因此,如果你错过了那个日期,你就不会在记录日期出现在公司的账簿上。这意味着,您需要在11月22日之前购买Valuetronics Holdings的股票才能获得股息,该股息将在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.

该公司的下一次股息将为每股0.08港元,在过去的12个月中,该公司共支付每股0.18港元。根据去年的付款额,Valuetronics Holdings股票的追踪收益率约为5.6%,而目前的股价为0.555新加坡元。我们喜欢看到公司支付股息,但同样重要的是要确保产下金蛋不会杀死我们的金鹅!因此,我们需要调查Valuetronics Holdings能否负担得起股息,以及股息能否增长。

See our latest analysis for Valuetronics Holdings

查看我们对 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.

股息通常由公司利润支付,因此,如果公司支付的股息超过其收入,则其股息被削减的风险通常更大。幸运的是,Valuetronics Holdings的派息率不高,仅占利润的39%。然而,在评估股息方面,现金流甚至比利润更为重要,因此我们需要看看公司是否产生了足够的现金来支付分配。幸运的是,它在过去一年中仅支付了其自由现金流的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,股息由利润和现金流共同支付。这通常表明,只要收益不急剧下降,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。

historic-dividend
SGX:BN2 Historic Dividend November 17th 2023
新加坡证券交易所:BN2 2023 年 11 月 17 日历史股息

Have Earnings And Dividends Been Growing?

收益和股息一直在增长吗?

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.

收益下降的公司对股息股东来说风险更大。投资者喜欢分红,因此,如果收益下降而股息减少,预计股票将同时被大量抛售。考虑到这一点,我们对Valuetronics Holdings在过去五年中每年的收益下降5.8%感到不安。如此急剧的下降使人们对股息的未来可持续性产生了怀疑。

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.

许多投资者将通过评估股息支付随时间推移而发生的变化来评估公司的股息表现。根据过去10年的股息支付情况,Valuetronics Holdings的股息平均每年增长9.5%。

To Sum It Up

总结一下

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是一只有吸引力的股息股,还是最好留在货架上?尽管至少该公司支付的收益和现金流比例较低且保守,但每股收益却大幅下降。看到收益下降绝对不是一件好事,但至少在需要削减股息之前可能会有一些缓冲。尽管它确实有一些好处,但我们有点矛盾,要说服我们相信Valuetronics Holdings的分红优势,还需要更多时间。

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,尽管从股息的角度来看,Valuetronics Holdings看起来不错,但了解这只股票所涉及的最新风险总是值得的。为了帮助解决这个问题,我们发现了Valuetronics Holdings的1个警告信号,在投资他们的股票之前,你应该注意这一点。

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,我们不建议只购买你看到的第一只股息股票。以下是精选的具有强大股息支付能力的有趣股票清单。

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.

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Simply Wall St的这篇文章本质上是笼统的。我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。它不构成买入或卖出任何股票的建议,也没有考虑到您的目标或财务状况。我们的目标是为您提供由基本数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感型公司公告或定性材料。简而言之,华尔街没有持有任何上述股票的头寸。

译文内容由第三方软件翻译。


以上内容仅用作资讯或教育之目的,不构成与富途相关的任何投资建议。富途竭力但不能保证上述全部内容的真实性、准确性和原创性。
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