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Here's Why We're Wary Of Buying Sitio Royalties' (NYSE:STR) For Its Upcoming Dividend

Here's Why We're Wary Of Buying Sitio Royalties' (NYSE:STR) For Its Upcoming Dividend

以下是我們爲什麼對購買Sitio Royalties(紐交所:STR)的即將到來的股息持謹慎態度
Simply Wall St ·  11/14 21:36

Sitio Royalties Corp. (NYSE:STR) stock is about to trade ex-dividend in 4 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order 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. Thus, you can purchase Sitio Royalties' shares before the 19th of November in order to receive the dividend, which the company will pay on the 27th of November.

Sitio Royalties Corp. (紐交所:STR) 股票將在4天后除息。除息日發生在記錄日前一天,股東需要在公司的賬本上以便能獲得分紅。除息日很重要,因爲股票的任何交易都需要在記錄日前結算,以便有資格獲得分紅。因此,您可以在11月19日前購買Sitio Royalties的股票以獲得分紅,該公司將在11月27日支付分紅。

The company's upcoming dividend is US$0.28 a share, following on from the last 12 months, when the company distributed a total of US$1.90 per share to shareholders. Last year's total dividend payments show that Sitio Royalties has a trailing yield of 8.0% on the current share price of US$23.70. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing.

該公司即將支付的分紅爲每股0.28美元,繼去年公司向股東分配總共每股1.90美元后的表現。去年的總分紅支付顯示,Sitio Royalties的現有股價23.70美元下的收益率爲8.0%。分紅對許多股東來說是重要的收入來源,但企業的健康狀況對於維持這些分紅至關重要。我們需要看看分紅是否由盈利支撐,以及它是否在增長。

If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Sitio Royalties reported a loss after tax last year, which means it's paying a dividend despite being unprofitable. While this might be a one-off event, this is unlikely to be sustainable in the long term. Given that the company reported a loss last year, we now need to see if it generated enough free cash flow to fund the dividend. If Sitio Royalties didn't generate enough cash to pay the dividend, then it must have either paid from cash in the bank or by borrowing money, neither of which is sustainable in the long term. Fortunately, it paid out only 46% of its free cash flow in the past year.

如果一家公司支付的分紅超過其賺取的利潤,那麼分紅可能會變得不可持續——這並不是一個理想的情況。Sitio Royalties去年報告了稅後虧損,這意味着儘管沒有盈利,它仍在支付分紅。雖然這可能是一次性事件,但從長遠來看,這不太可能是可持續的。考慮到該公司去年報告了虧損,我們現在需要看看其是否產生足夠的自由現金流來支付分紅。如果Sitio Royalties沒有產生足夠的現金來支付分紅,那麼它必須是從銀行現金中支付或通過借款支付,而這兩者在長期內都不可持續。幸運的是,去年它僅支付了46%的自由現金流。

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。

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NYSE:STR Historic Dividend November 14th 2024
紐交所:STR 歷史分紅 2024年11月14日

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. Sitio Royalties was unprofitable last year, and sadly its loss per share worsened by 118% on the previous year.

當收益下降時,分紅公司變得更加困難以進行分析和安全持有。投資者喜歡分紅,因此如果收益下降且分紅減少,預計股票會在同時被大量拋售。Sitio Royalties去年虧損,令人遺憾的是,其每股損失較前一年惡化了118%。

Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Sitio Royalties's dividend payments per share have declined at 18% per year on average over the past two years, which is uninspiring. While it's not great that earnings and dividends per share have fallen in recent years, we're encouraged by the fact that management has trimmed the dividend rather than risk over-committing the company in a risky attempt to maintain yields to shareholders.

衡量公司分紅前景的另一個關鍵方法是測量其歷史分紅增長率。Sitio Royalties的每股分紅在過去兩年平均下降了18%,這一點並不令人鼓舞。雖然近年來收益和每股分紅的下降並不理想,但我們感到安慰的是,管理層選擇削減分紅,而不是冒險過度承諾公司以維持對股東的收益。

Remember, you can always get a snapshot of Sitio Royalties's financial health, by checking our visualisation of its financial health, here.

請記住,通過查看我們對其財務健康狀況的可視化,您可以隨時了解Sitio Royalties的財務狀況。

To Sum It Up

總結一下

Is Sitio Royalties an attractive dividend stock, or better left on the shelf? First, it's not great to see the company paying a dividend despite being loss-making over the last year. On the plus side, the dividend was covered by free cash flow." Overall it doesn't look like the most suitable dividend stock for a long-term buy and hold investor.

Sitio Royalties是有吸引力的分紅股票,還是更適合擱置?首先,看到公司在過去一年虧損的情況下仍支付分紅並不好。好的一面是,分紅由自由現金流覆蓋。整體而言,這並不是最適合長揸投資者的分紅股票。

With that being said, if you're still considering Sitio Royalties as an investment, you'll find it beneficial to know what risks this stock is facing. In terms of investment risks, we've identified 1 warning sign with Sitio Royalties and understanding them should be part of your investment process.

話雖如此,如果您仍在考慮Sitio Royalties作爲投資,了解這隻股票面臨的風險會對您有所幫助。在投資風險方面,我們已經識別出Sitio Royalties的1個警示信號,理解這些信號應成爲您的投資過程的一部分。

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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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?對內容感到擔憂嗎?請直接與我們聯繫。或者,發送電子郵件至editorial-team @ simplywallst.com。
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。


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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