share_log

Read This Before Considering Fraser and Neave, Limited (SGX:F99) For Its Upcoming S$0.04 Dividend

Read This Before Considering Fraser and Neave, Limited (SGX:F99) For Its Upcoming S$0.04 Dividend

在考慮將Fraser and Neave, Limited(新加坡證券交易所股票代碼:F99)派發即將到來的0.04新元股息之前,請先閱讀此內容
Simply Wall St ·  01/25 06:13

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Fraser and Neave, Limited (SGX:F99) is about to trade ex-dividend in the next four 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 of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Accordingly, Fraser and Neave investors that purchase the stock on or after the 29th of January will not receive the dividend, which will be paid on the 16th of February.

普通讀者會知道我們喜歡Simply Wall St的股息,這就是爲什麼看到弗雷澤和尼夫有限公司(新加坡證券交易所股票代碼:F99)即將在未來四天內進行除息交易令人興奮的原因。除息日通常設置爲記錄日期前一個工作日,即您必須作爲股東出現在公司賬簿上才能獲得股息的截止日期。除息日之所以如此,是因爲無論何時買入或賣出股票,交易都需要至少兩個工作日才能結算。因此,在1月29日當天或之後購買股票的弗雷澤和尼夫投資者將不會獲得股息,股息將在2月16日支付。

The company's upcoming dividend is S$0.04 a share, following on from the last 12 months, when the company distributed a total of S$0.055 per share to shareholders. Looking at the last 12 months of distributions, Fraser and Neave has a trailing yield of approximately 5.0% on its current stock price of SGD1.09. 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! We need to see whether the dividend is covered by earnings and if it's growing.

該公司即將派發的股息爲每股0.04新元,此前該公司向股東共分配了每股0.055新元。從過去12個月的分配情況來看,弗雷澤和尼夫的追蹤收益率約爲5.0%,而目前的股價爲1.09新元。我們喜歡看到公司派發股息,但同樣重要的是要確保產下金蛋不會殺死我們的金鵝!我們需要看看股息是否由收益支付,以及股息是否在增長。

View our latest analysis for Fraser and Neave

查看我們對 Fraser 和 Neave 的最新分析

Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Fraser and Neave is paying out an acceptable 60% of its profit, a common payout level among most companies. 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. Over the last year it paid out 64% of its free cash flow as dividends, within the usual range for most companies.

股息通常從公司收入中支付,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高。弗雷澤和尼夫支付的利潤佔其利潤的60%,這是大多數公司的常見支出水平。然而,對於評估股息而言,現金流比利潤更爲重要,因此我們需要查看公司是否產生了足夠的現金來支付分紅。去年,它將自由現金流的64%作爲股息支付,在大多數公司的正常範圍內。

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 how much of its profit Fraser and Neave paid out over the last 12 months.

點擊此處查看弗雷澤和尼夫在過去12個月中支付了多少利潤。

historic-dividend
SGX:F99 Historic Dividend January 24th 2024
新加坡證券交易所:F99 歷史股息 2024 年 1 月 24 日

Have Earnings And Dividends Been Growing?

收益和股息一直在增長嗎?

Stocks with flat earnings can still be attractive dividend payers, but it is important to be more conservative with your approach and demand a greater margin for safety when it comes to dividend sustainability. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. That explains why we're not overly excited about Fraser and Neave's flat earnings over the past five years. Better than seeing them fall off a cliff, for sure, but the best dividend stocks grow their earnings meaningfully over the long run. Earnings growth has been slim and the company is paying out more than half of its earnings. While there is some room to both increase the payout ratio and reinvest in the business, generally the higher a payout ratio goes, the lower a company's prospects for future growth.

收益持平的股票仍然可以成爲有吸引力的股息支付者,但重要的是要更加保守,在股息可持續性方面要求更大的安全餘地。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。這解釋了爲什麼我們對弗雷澤和尼夫在過去五年的固定收益不太興奮。當然,總比看到它們從懸崖上掉下來要好,但從長遠來看,最好的股息股票的收益會有意義地增長。收益增長乏力,該公司支付了其收益的一半以上。儘管在提高派息率和對業務進行再投資方面仍有一定的空間,但通常,派息率越高,公司的未來增長前景就越低。

Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Fraser and Neave has seen its dividend decline 9.8% per annum on average over the past 10 years, which is not great to see.

衡量公司股息前景的另一種關鍵方法是衡量其歷史股息增長率。在過去的10年中,弗雷澤和尼夫的股息平均每年下降9.8%,這並不令人滿意。

The Bottom Line

底線

Should investors buy Fraser and Neave for the upcoming dividend? Fraser and Neave has struggled to grow its earnings per share, and while the company is paying out a majority of its earnings and cash flow in the form of dividends, the dividend payments don't appear unsustainable. While it does have some good things going for it, we're a bit ambivalent and it would take more to convince us of Fraser and Neave's dividend merits.

投資者是否應該爲即將到來的股息買入弗雷澤和尼夫?弗雷澤和尼夫一直在努力增加每股收益,儘管該公司以股息的形式支付了大部分收益和現金流,但股息支付似乎並不不可持續。儘管它確實有一些好處,但我們有點矛盾,要說服我們相信弗雷澤和尼夫的股息優勢還需要更多的時間。

If you want to look further into Fraser and Neave, it's worth knowing the risks this business faces. To help with this, we've discovered 2 warning signs for Fraser and Neave (1 can't be ignored!) that you ought to be aware of before buying the shares.

如果你想進一步研究弗雷澤和尼夫,值得了解該業務面臨的風險。爲了幫助解決這個問題,我們發現了 Fraser 和 Neave 的 2 個警告信號(1 個不容忽視!)在購買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。
    搶先評論