Dividend Investors: Don't Be Too Quick To Buy Warrior Met Coal, Inc. (NYSE:HCC) For Its Upcoming Dividend
Dividend Investors: Don't Be Too Quick To Buy Warrior Met Coal, Inc. (NYSE:HCC) For Its Upcoming Dividend
Readers hoping to buy Warrior Met Coal, Inc. (NYSE:HCC) 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 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. This means that investors who purchase Warrior Met Coal's shares on or after the 5th of November will not receive the dividend, which will be paid on the 12th of November.
希望購買Warrior Met Coal, Inc. (NYSE:HCC)以獲取股息的投資者需要儘快採取行動,因爲該股即將在除息交易。 除息日期爲公司股權登記日的前一個工作日,即公司確定哪些股東有資格獲得股息的日期。 除息日期很重要,因爲結算過程需要兩個完整的工作日。所以如果您錯過了該日期,您將不會出現在公司的股權登記日記錄中。 這意味着在11月5日或之後購買 Warrior Met Coal 的股票的投資者將不會收到股息,該股息將在11月12日支付。
The company's upcoming dividend is US$0.08 a share, following on from the last 12 months, when the company distributed a total of US$0.82 per share to shareholders. Looking at the last 12 months of distributions, Warrior Met Coal has a trailing yield of approximately 1.3% on its current stock price of US$63.13. If you buy this business for its dividend, you should have an idea of whether Warrior Met Coal's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.
該公司即將支付的股息爲每股0.08美元,延續了過去12個月的情況,當時該公司向股東分配了每股總共0.82美元。 查看過去12個月的分紅情況,Warrior Met Coal 在當前股票價格63.13美元的基礎上擁有約1.3%左右的滾動收益率。 如果您購買此業務是爲了獲得股息,您應該知道 Warrior Met Coal 的股息是否可靠和可持續。 因此,我們需要檢查股息支付是否有保障,以及收入是否在增長。
Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. Warrior Met Coal has a low and conservative payout ratio of just 11% of its income after tax. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. Over the past year it paid out 178% of its free cash flow as dividends, which is uncomfortably high. We're curious about why the company paid out more cash than it generated last year, since this can be one of the early signs that a dividend may be unsustainable.
通常股息是由公司盈利支付的。如果公司支付的股息超過了盈利,那麼股息可能會是不可持續的。 Warrior Met Coal 的股息比率僅爲其稅後收入的11%,低且保守。 話雖如此,即使是高利潤的公司有時也可能無法產生足夠的現金支付股息,這就是爲什麼我們應始終檢查股息是否由現金流支持。 過去一年,它支付的股息佔其自由現金流的178%,這是相當高的。 我們好奇爲什麼該公司去年支付的現金超過了其產生的現金,因爲這可能是股息不可持續的早期跡象之一。
Warrior Met Coal does have a large net cash position on the balance sheet, which could fund large dividends for a time, if the company so chose. Still, smart investors know that it is better to assess dividends relative to the cash and profit generated by the business. Paying dividends out of cash on the balance sheet is not long-term sustainable.
Warrior Met Coal 在資產負債表上有較大的淨現金頭寸,如果公司選擇,這可以支持較長時間的大額股息。 不過,聰明的投資者知道,最好將股息與業務產生的現金和利潤相對比。 從資產負債表上現金支付股息並不具有長期可持續性。
While Warrior Met Coal's dividends were covered by the company's reported profits, cash is somewhat more important, so it's not great to see that the company didn't generate enough cash to pay its dividend. Were this to happen repeatedly, this would be a risk to Warrior Met Coal's ability to maintain its dividend.
儘管戰士梅特煤的分紅派息被公司報告的利潤所覆蓋,但現金更爲重要,因此看到公司未能產生足夠的現金支付分紅並不是好事。如果這種情況反覆發生,這將對戰士梅特煤保持分紅的能力構成風險。
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?
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. Warrior Met Coal's earnings per share have fallen at approximately 11% a year over the previous five years. When earnings per share fall, the maximum amount of dividends that can be paid also falls.
營收萎縮的企業在分紅角度上會更加棘手。如果企業陷入衰退並削減分紅,公司可能會看到其價值急劇下降。戰士梅特煤的每股收益在過去五年中年均下降約11%。當每股收益下降時,可以支付的最大分紅金額也會下降。
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Warrior Met Coal has delivered an average of 22% per year annual increase in its dividend, based on the past seven years of dividend payments.
另一個衡量公司股利前景的關鍵方式是測量其歷史股利增長率。Warrior Met Coal根據過去七年的股利支付,平均每年股利增長率爲22%。
The Bottom Line
還有一件事需要注意的是,我們已經確定了上海醫藥的2個警告信號,了解這些信號應該成爲你的投資過程的一部分。
From a dividend perspective, should investors buy or avoid Warrior Met Coal? It's disappointing to see earnings per share declining, and this would ordinarily be enough to discourage us from most dividend stocks, even though Warrior Met Coal is paying out less than half its income as dividends. However, it's also paying out an uncomfortably high percentage of its cash flow, which makes us wonder just how sustainable the dividend really is. Overall it doesn't look like the most suitable dividend stock for a long-term buy and hold investor.
從股利的角度來看,投資者應該買入還是避開Warrior Met Coal?看到每股收益下降令人失望,這通常足以讓我們遠離大多數分紅股,儘管Warrior Met Coal支付的股利不到其收入的一半。然而,它也支付了令人不安的高比例現金流,讓我們懷疑這個股利的可持續性。總的來說,對於長揸投資者來說,它看起來並不是最適合的分紅股。
With that being said, if you're still considering Warrior Met Coal as an investment, you'll find it beneficial to know what risks this stock is facing. Our analysis shows 2 warning signs for Warrior Met Coal and you should be aware of these before buying any shares.
話雖如此,如果您仍在考慮將Warrior Met Coal作爲一項投資,了解這支股票面臨的風險將會對您有所裨益。我們的分析顯示Warrior Met Coal有2個警示信號,購買任何股票之前您應該注意這些。
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。
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.
對本文有任何反饋?對內容有任何疑慮?請直接與我們聯繫。或者,發送電子郵件至editorial-team@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。
譯文內容由第三人軟體翻譯。