Four Days Left To Buy Escalade, Incorporated (NASDAQ:ESCA) Before The Ex-Dividend Date
Four Days Left To Buy Escalade, Incorporated (NASDAQ:ESCA) Before The Ex-Dividend Date
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Escalade, Incorporated (NASDAQ:ESCA) is about to go ex-dividend in just four 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. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Accordingly, Escalade investors that purchase the stock on or after the 8th of July will not receive the dividend, which will be paid on the 15th of July.
一些投資者依靠分紅來增加財富，如果你是這些股息偵探之一，你可能會想知道凱雷德公司（納斯達克股票代碼：ESCA）即將在短短四天內實現除息。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。注意除息日很重要，因爲任何股票交易都必須在記錄日當天或之前結算。因此，在7月8日當天或之後購買股票的凱雷德投資者將不會獲得股息，股息將在7月15日支付。
The company's next dividend payment will be US$0.15 per share, on the back of last year when the company paid a total of US$0.60 to shareholders. Calculating the last year's worth of payments shows that Escalade has a trailing yield of 4.4% on the current share price of US$13.54. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether Escalade can afford its dividend, and if the dividend could grow.
該公司的下一次股息將爲每股0.15美元，去年該公司向股東共支付了0.60美元。計算去年的付款額顯示，凱雷德的尾隨收益率爲4.4％，而目前的股價爲13.54美元。股息是長揸者投資回報的主要貢獻者，但前提是繼續支付股息。因此，我們需要調查凱雷德能否負擔得起股息，以及股息是否可以增長。
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. Escalade paid out 66% of its earnings to investors last year, a normal payout level for most businesses. A useful secondary check can be to evaluate whether Escalade generated enough free cash flow to afford its dividend. It paid out 15% of its free cash flow as dividends last year, which is conservatively low.
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。去年，凱雷德將其收益的66％支付給了投資者，這是大多數企業的正常支出水平。評估凱雷德是否產生了足夠的自由現金流來支付其股息，這是一項有用的輔助支票。去年，該公司將自由現金流的15％作爲股息支付，保守地較低。
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 Escalade paid out over the last 12 months.
點擊此處查看Escalade在過去12個月中支付了多少利潤。
Have Earnings And Dividends Been Growing?
收益和股息一直在增長嗎？
Businesses with shrinking earnings are tricky from a dividend perspective. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. Escalade's earnings per share have fallen at approximately 8.6% a year over the previous five years. Ultimately, when earnings per share decline, the size of the pie from which dividends can be paid, shrinks.
從股息的角度來看，收益萎縮的企業很棘手。如果業務陷入低迷並削減股息，該公司的價值可能會急劇下降。在過去五年中，凱雷德的每股收益每年下降約8.6％。最終，當每股收益下降時，支付股息的資金規模就會縮小。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Escalade has delivered an average of 6.5% per year annual increase in its dividend, based on the past 10 years of dividend payments. Growing the dividend payout ratio while earnings are declining can deliver nice returns for a while, but it's always worth checking for when the company can't increase the payout ratio any more - because then the music stops.
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。根據過去10年的股息支付，凱雷德的股息平均每年增長6.5％。在收益下降的同時提高股息支付率可以在一段時間內帶來不錯的回報，但是總值得檢查一下公司何時無法再提高派息率——因爲那樣音樂就會停止。
To Sum It Up
總結一下
Has Escalade got what it takes to maintain its dividend payments? The payout ratios are within a reasonable range, implying the dividend may be sustainable. Declining earnings are a serious concern, however, and could pose a threat to the dividend in future. Overall, it's not a bad combination, but we feel that there are likely more attractive dividend prospects out there.
凱雷德有維持股息支付所需的條件嗎？派息率在合理範圍內，這意味着股息可能是可持續的。但是，收益下降是一個嚴重的問題，並可能對未來的股息構成威脅。總體而言，這是一個不錯的組合，但我們認爲可能有更具吸引力的股息前景。
If you want to look further into Escalade, it's worth knowing the risks this business faces. For example - Escalade has 1 warning sign we think you should be aware of.
如果您想進一步研究Escalade，則值得了解該業務面臨的風險。例如-Escalade 有 1 個警告標誌，我們認爲你應該注意。
If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.
如果您在市場上尋找強勁的股息支付者，我們建議您查看我們精選的頂級股息股票。
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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。
Have feedback on this article? Concerned about the content? Get in touch with us directly. Alternatively, email editorial-team@simplywallst.com
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