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Dividend Investors: Don't Be Too Quick To Buy Hongta Securities Co., Ltd. (SHSE:601236) For Its Upcoming Dividend

Dividend Investors: Don't Be Too Quick To Buy Hongta Securities Co., Ltd. (SHSE:601236) For Its Upcoming Dividend

股息投資者:不要太快地爲即將到來的股息買入紅塔證券有限公司(SHSE: 601236)
Simply Wall St ·  05/12 08:51

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Hongta Securities Co., Ltd. (SHSE:601236) is about to trade ex-dividend in the next three 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 because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Therefore, if you purchase Hongta Securities' shares on or after the 16th of May, you won't be eligible to receive the dividend, when it is paid on the 16th of May.

普通讀者會知道我們喜歡Simply Wall St的股息,這就是爲什麼看到紅塔證券有限公司(SHSE: 601236)即將在未來三天進行除息交易令人興奮。除息日是公司記錄日前的一個工作日,即公司確定哪些股東有權獲得股息的日期。除息日很重要,因爲任何股票交易都需要在記錄日期之前結算才有資格獲得股息。因此,如果您在5月16日當天或之後購買紅塔證券的股票,則沒有資格獲得5月16日支付的股息。

The company's upcoming dividend is CN¥0.06 a share, following on from the last 12 months, when the company distributed a total of CN¥0.06 per share to shareholders. Looking at the last 12 months of distributions, Hongta Securities has a trailing yield of approximately 0.8% on its current stock price of CN¥7.25. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.

該公司即將派發的股息爲每股0.06元人民幣,此前該公司向股東共分配了每股0.06元人民幣。從過去12個月的分配情況來看,紅塔證券的追蹤收益率約爲0.8%,而目前的股價爲7.25元人民幣。股息是許多股東的重要收入來源,但業務的健康狀況對於維持這些股息至關重要。這就是爲什麼我們應該經常檢查股息支付是否可持續,以及公司是否在增長。

If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Hongta Securities paid out 126% of profit in the past year, which we think is typically not sustainable unless there are mitigating characteristics such as unusually strong cash flow or a large cash balance.

如果一家公司支付的股息超過其收入,那麼股息可能會變得不可持續,這並不是一個理想的情況。紅塔證券在過去一年中支付了126%的利潤,我們認爲除非有緩解特徵,例如異常強勁的現金流或大量的現金餘額,否則這通常是不可持續的。

When a company pays out a dividend that is not well covered by profits, the dividend is generally seen as more vulnerable to being cut.

當公司支付的股息未被利潤充分覆蓋時,人們通常認爲股息更容易被削減。

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
SHSE:601236 Historic Dividend May 12th 2024
SHSE: 601236 2024 年 5 月 12 日曆史股息

Have Earnings And Dividends Been Growing?

收益和股息一直在增長嗎?

When earnings decline, dividend companies become much harder to analyse and own safely. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. Readers will understand then, why we're concerned to see Hongta Securities's earnings per share have dropped 18% a year over the past five years. When earnings per share fall, the maximum amount of dividends that can be paid also falls.

當收益下降時,股息公司變得更加難以分析和安全擁有。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。屆時,讀者就會明白,爲什麼我們擔心紅塔證券的每股收益在過去五年中每年下降18%。當每股收益下降時,可以支付的最大股息金額也會下降。

The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Hongta Securities's dividend payments per share have declined at 12% per year on average over the past four years, which is uninspiring. It's never nice to see earnings and dividends falling, but at least management has cut the dividend rather than potentially risk the company's health in an attempt to maintain it.

大多數投資者評估公司股息前景的主要方式是查看歷史股息增長率。在過去四年中,紅塔證券的每股股息支付額平均每年下降12%,這並不令人鼓舞。看到收益和股息下降從來都不是一件好事,但至少管理層削減了股息,而不是冒着公司的健康風險來維持股息。

To Sum It Up

總結一下

From a dividend perspective, should investors buy or avoid Hongta Securities? Not only are earnings per share shrinking, but Hongta Securities is paying out a disconcertingly high percentage of its profit as dividends. It's not that we hate the business, but we feel that these characeristics are not desirable for investors seeking a reliable dividend stock to own for the long term. This is not an overtly appealing combination of characteristics, and we're just not that interested in this company's dividend.

從股息的角度來看,投資者應該買入還是避開紅塔證券?不僅每股收益萎縮,而且紅塔證券將其利潤的分紅比例高得令人不安。並不是說我們討厭該業務,而是我們認爲,對於尋求長期擁有可靠股息股票的投資者來說,這些特徵是不可取的。這並不是一個明顯吸引人的特徵組合,我們只是對這家公司的股息不太感興趣。

Having said that, if you're looking at this stock without much concern for the dividend, you should still be familiar of the risks involved with Hongta Securities. Every company has risks, and we've spotted 3 warning signs for Hongta Securities you should know about.

話雖如此,如果你在看這隻股票時不太擔心股息,那麼你仍然應該熟悉紅塔證券所涉及的風險。每家公司都有風險,我們發現了紅塔證券的3個警告信號,你應該知道。

A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks.

一個常見的投資錯誤是買入你看到的第一隻有趣的股票。在這裏你可以找到高收益股息股票的完整清單。

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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