Stryker Corporation (NYSE:SYK) Is About To Go Ex-Dividend, And It Pays A 0.9% Yield
Stryker Corporation (NYSE:SYK) Is About To Go Ex-Dividend, And It Pays A 0.9% Yield
Readers hoping to buy Stryker Corporation (NYSE:SYK) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. 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 an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. This means that investors who purchase Stryker's shares on or after the 28th of June will not receive the dividend, which will be paid on the 31st of July.
希望購買斯特賴克公司（紐交所：SYK）的股息的讀者需要儘快採取行動，因爲股票即將除息。除息日是公司記錄日前一業務日，即公司確定哪些股東有權獲得股息的日期。除息日是一個重要的日期，因爲在此日期或之後購買股票的任何交易可能意味着遲到的結算不會在記錄日顯示。這意味着，在6月28日或之後購買斯特賴克的股票的投資者將不會收到於7月31日支付的股息。
The company's next dividend payment will be US$0.80 per share, on the back of last year when the company paid a total of US$3.20 to shareholders. Looking at the last 12 months of distributions, Stryker has a trailing yield of approximately 0.9% on its current stock price of US$342.64. If you buy this business for its dividend, you should have an idea of whether Stryker's dividend is reliable and sustainable. So we need to investigate whether Stryker can afford its dividend, and if the dividend could grow.
該公司的下一次股息支付將爲每股0.80美元，在去年該公司向股東支付總額爲3.20美元。查看過去12個月的分配情況，斯特賴克在目前股價342.64美元的基礎上，有大約0.9%的回報率。如果您購買此業務以獲取其分紅，則應了解斯特賴克的股息是否可靠且可持續。因此，我們需要調查斯特賴克是否能夠承擔其股息，並且股息是否能夠增長。
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. That's why it's good to see Stryker paying out a modest 35% of its earnings. A useful secondary check can be to evaluate whether Stryker generated enough free cash flow to afford its dividend. Thankfully its dividend payments took up just 41% of the free cash flow it generated, which is a comfortable payout ratio.
如果一家公司支付的股息超過其所賺取的利潤，那麼股息可能變得不可持續-這顯然不是理想的情況。這就是爲什麼能夠看到斯特賴克支付出僅35％的利潤作爲股息的原因。有用的二次檢查可以評估斯特賴克是否產生了足夠的自由現金流來支付其股息。值得慶幸的是，其股息支付只佔其產生的自由現金流的41％，這是一種舒適的支付比率。
It's positive to see that Stryker's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut.
值得看到斯特賴克的股息被利潤和現金流所覆蓋，因爲這通常是股息可持續的信號，而較低的支付比率通常意味着在股息減少之前有更大的安全保障。
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
點擊此處查看公司的支付比率以及未來分紅的分析師預期。
Have Earnings And Dividends Been Growing?
收益和股息一直在增長嗎？
Companies that aren't growing their earnings can still be valuable, but it is even more important to assess the sustainability of the dividend if it looks like the company will struggle to grow. If earnings fall far enough, the company could be forced to cut its dividend. That explains why we're not overly excited about Stryker's flat earnings over the past five years. We'd take that over an earnings decline any day, but in the long run, the best dividend stocks all grow their earnings per share.
即使一家公司沒有增長其盈利，仍可具有價值，但如果公司似乎難以增長，評估股息的可持續性就更加重要。如果盈利下降得足夠多，公司可能被迫削減其股息。這就解釋了爲什麼我們並不特別看好斯特賴克在過去五年中盈利持平的情況。我們寧願選擇這種情況，也不想選擇盈利下降的情況，但是從長遠來看，最好的股息股票都在增加每股盈利。
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Stryker has delivered an average of 12% per year annual increase in its dividend, based on the past 10 years of dividend payments.
大多數投資者評估公司的股息前景的主要方法是檢查股息增長的歷史速度。根據過去10年的股息支付情況，斯特賴克的股息平均每年增長12％。
Final Takeaway
最後的結論
Is Stryker an attractive dividend stock, or better left on the shelf? Earnings per share have been flat, 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 gets cut. All things considered, we are not particularly enthused about Stryker from a dividend perspective.
斯特賴克是否是一隻有吸引力的股息股票，還是最好放在貨架上？每股盈利同比持平，但至少該公司的盈利和現金流都支付了低的且保守的百分比。盈利下降肯定不是好事，但至少在股息削減之前，可能有一些緩衝餘地。綜上所述，從股息角度來看，我們對斯特賴克並不感到特別興奮。
In light of that, while Stryker has an appealing dividend, it's worth knowing the risks involved with this stock. Our analysis shows 2 warning signs for Stryker and you should be aware of these before buying any shares.
鑑於此，儘管斯特賴克具有吸引力的股息，但了解有關該股票的風險是值得的。我們的分析顯示，斯特賴克有2個警告信號，您在購買任何股票之前都應該知道這些信號。
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購買你看到的第一個有趣的股票。在這裏，您可以找到高股息股票的完整列表。
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對本文有反饋？關於內容有所顧慮？直接和我們聯繫。或者，發送電子郵件至editorial-team (at) simplywallst.com。
這篇文章是Simply Wall St的一般性文章。我們根據歷史數據和分析師預測提供評論，只使用公正的方法論，我們的文章並不意味着提供任何金融建議。文章不構成買賣任何股票的建議，也不考慮您的目標或您的財務狀況。我們的目標是帶給您基本數據驅動的長期關注分析。請注意，我們的分析可能不考慮最新的價格敏感公司公告或定性材料。Simply Wall St沒有任何股票頭寸。
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譯文內容由第三人軟體翻譯。