We Wouldn't Be Too Quick To Buy Pitney Bowes Inc. (NYSE:PBI) Before It Goes Ex-Dividend
We Wouldn't Be Too Quick To Buy Pitney Bowes Inc. (NYSE:PBI) Before It Goes Ex-Dividend
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 Pitney Bowes Inc. (NYSE:PBI) is about to go ex-dividend in just 4 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. 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, Pitney Bowes investors that purchase the stock on or after the 18th of November will not receive the dividend, which will be paid on the 6th of December.
一些投資者依賴股息來增加財富,如果你是這些股息獵頭中的一員,你可能會對知道紐交所Pitney Bowes Inc.(NYSE:PBI)將在4天后便開始除息感興趣。 除息日期通常設定在股權登記日期的前一個工作日,股權登記日期是你必須在公司名冊上作爲股東的截止日期,以便獲得股息。了解除息日期很重要,因爲股票交易需在股權登記日期之前或當日完成。 因此,從11月18日起購買Pitney Bowes股票的投資者將無法領取到將於12月6日支付的股息。
The company's next dividend payment will be US$0.05 per share, and in the last 12 months, the company paid a total of US$0.20 per share. Based on the last year's worth of payments, Pitney Bowes stock has a trailing yield of around 2.6% on the current share price of US$7.66. 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.
公司的下一個股息支付將爲每股US$0.05,過去12個月,公司每股總計支付了US$0.20。根據過去一年的支付情況,Pitney Bowes股票在當前每股價US$7.66的基礎上有約2.6%的滾動收益率。股息對許多股東來說是重要的收入來源,但業務的健康對維持這些股息至關重要。這就是爲什麼我們應該始終檢查股息支付是否可持續,以及公司是否在成長。
Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Pitney Bowes lost money last year, so the fact that it's paying a dividend is certainly disconcerting. There might be a good reason for this, but we'd want to look into it further before getting comfortable. With the recent loss, it's important to check if the business generated enough cash to pay its dividend. If cash earnings don't cover the dividend, the company would have to pay dividends out of cash in the bank, or by borrowing money, neither of which is long-term sustainable. Thankfully its dividend payments took up just 42% of the free cash flow it generated, which is a comfortable payout ratio.
股息通常由公司利潤支付,因此如果一家公司支付的股息超過其盈利,那麼其股息通常面臨更大的被削減風險。Pitney Bowes去年虧損,所以支付股息的事實確實令人不安。這可能有合理的原因,但在感到舒適之前,我們應該進一步調查。由於最近虧損,很重要檢查業務是否產生了足夠的現金以支付其股息。如果現金收入不cover股息,公司將不得不通過銀行帳戶支付股息,或借錢支付股息,這兩種方式都不具有長期的可持續性。幸運的是,其股息支付僅佔其產生的自由現金流的42%,這是一個舒適的支付比率。
Click here to see how much of its profit Pitney Bowes paid out over the last 12 months.
點擊這裏,查看必能寶過去12個月支付的利潤比例。
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. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. Pitney Bowes reported a loss last year, and the general trend suggests its earnings have also been declining in recent years, making us wonder if the dividend is at risk.
當收入下降時,分紅公司變得更難分析和安全擁有。如果業務陷入衰退並且分紅被削減,公司可能會看到其價值急劇下降。必能寶去年報告虧損,一般趨勢表明其收入近年來也在下降,這讓我們擔心分紅是否面臨風險。
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Pitney Bowes has seen its dividend decline 12% per annum on average over the past 10 years, which is not great to see. 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.
許多投資者將通過評估分紅支付隨時間的變化來評估一家公司的分紅表現。過去10年中,必能寶的分紅平均每年下降12%,這不是一個好的跡象。看到收入和分紅下降從來都不是好事,但至少管理層已經減少了分紅,而不是爲了維持分紅而潛在風險公司的健康。
Remember, you can always get a snapshot of Pitney Bowes's financial health, by checking our visualisation of its financial health, here.
請記住,您可以隨時通過查看我們這裏的財務健康可視化來了解必能寶的財務狀況。
The Bottom Line
最終結論
Is Pitney Bowes an attractive dividend stock, or better left on the shelf? It's hard to get used to Pitney Bowes paying a dividend despite reporting a loss over the past year. At least the dividend was covered by free cash flow, however. It's not that we think Pitney Bowes is a bad company, but these characteristics don't generally lead to outstanding dividend performance.
必能寶是一隻具有吸引力的分紅股票,還是被擱置比較好?儘管在過去一年報告虧損的情況下,適應必能寶發放股息仍然很困難。不過至少,股息是由自由現金流覆蓋的。我們並不認爲必能寶是一家糟糕的公司,但這些特點通常不會導致出色的股息表現。
Although, if you're still interested in Pitney Bowes and want to know more, you'll find it very useful to know what risks this stock faces. Every company has risks, and we've spotted 3 warning signs for Pitney Bowes (of which 1 shouldn't be ignored!) you should know about.
儘管如此,如果您仍然對必能寶感興趣並想了解更多信息,了解這支股票面臨哪些風險將會非常有用。每家公司都有風險,我們已經發現了必能寶的3個警示信號(其中1個不容忽視!),您應該了解。
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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Simply Wall St的這篇文章是一般性質的。我們僅基於歷史數據和分析師預測提供評論,使用公正的方法,我們的文章並非意在提供財務建議。這並不構成買入或賣出任何股票的建議,並且不考慮您的目標或財務狀況。我們旨在爲您帶來基於基礎數據驅動的長期聚焦分析。請注意,我們的分析可能未考慮最新的價格敏感公司公告或定性材料。Simply Wall St對提及的任何股票都沒有持倉。
譯文內容由第三人軟體翻譯。