Dickson Concepts (International) Limited (HKG:113) stock is about to trade ex-dividend in 3 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. In other words, investors can purchase Dickson Concepts (International)'s shares before the 11th of August in order to be eligible for the dividend, which will be paid on the 23rd of August.
The company's next dividend payment will be HK$0.27 per share. Last year, in total, the company distributed HK$0.35 to shareholders. Last year's total dividend payments show that Dickson Concepts (International) has a trailing yield of 8.7% on the current share price of HK$4. 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 check whether the dividend payments are covered, and if earnings are growing.
See our latest analysis for Dickson Concepts (International)
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. Dickson Concepts (International) is paying out an acceptable 69% of its profit, a common payout level among most companies. Yet cash flows are even more important than profits for assessing a dividend, so we need to see if the company generated enough cash to pay its distribution. It paid out 19% of its free cash flow as dividends last year, which is conservatively low.
It's positive to see that Dickson Concepts (International)'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.
Click here to see how much of its profit Dickson Concepts (International) paid out over the last 12 months.
SEHK:113 Historic Dividend August 7th 2022
Have Earnings And Dividends Been Growing?
Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If earnings fall far enough, the company could be forced to cut its dividend. Fortunately for readers, Dickson Concepts (International)'s earnings per share have been growing at 19% a year for the past five years. Dickson Concepts (International) is paying out a bit over half its earnings, which suggests the company is striking a balance between reinvesting in growth, and paying dividends. This is a reasonable combination that could hint at some further dividend increases in the future.
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Dickson Concepts (International) has delivered an average of 0.6% per year annual increase in its dividend, based on the past 10 years of dividend payments. It's good to see both earnings and the dividend have improved - although the former has been rising much quicker than the latter, possibly due to the company reinvesting more of its profits in growth.
Final Takeaway
Should investors buy Dickson Concepts (International) for the upcoming dividend? We like Dickson Concepts (International)'s growing earnings per share and the fact that - while its payout ratio is around average - it paid out a lower percentage of its cash flow. Dickson Concepts (International) looks solid on this analysis overall, and we'd definitely consider investigating it more closely.
So while Dickson Concepts (International) looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. Every company has risks, and we've spotted 2 warning signs for Dickson Concepts (International) you should know about.
If you're in the market for strong dividend payers, we recommend checking our selection of top dividend stocks.
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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.
迪克森概念(国际)有限公司(HKG:113)股票3天后将进行除股息交易。除息日期发生在记录日期的前一天,也就是股东需要登记在公司账面上才能获得股息的日期。除息日期很重要,因为股票的任何交易都需要在记录日期之前结算,才有资格获得股息。换句话说,投资者可以在8月11日之前购买迪克森概念(国际)的股票,以便有资格获得股息,股息将于8月23日支付。
该公司下一次派息将为每股0.27港元。去年,该公司总共向股东派发了0.35港元。去年的派息总额显示,以目前4港元的股价计算,迪克森概念(国际)的往绩收益率为8.7%。派息是长期持有人投资回报的主要贡献因素,但前提是股息继续派发。因此,我们需要检查股息支付是否得到覆盖,以及收益是否在增长。
查看我们对迪克森概念(国际)的最新分析
股息通常从公司收入中支付,因此,如果一家公司支付的股息超过了它的收入,它的股息通常被削减的风险更高。迪克森概念(国际)公司将支付其利润的69%,这在大多数公司中是常见的支付水平。然而,对于评估股息而言,现金流甚至比利润更重要,因此我们需要看看公司是否产生了足够的现金来支付分配。它去年支付了19%的自由现金流作为股息,这是保守的低水平。
看到Dickson Concepts(International)的股息由利润和现金流覆盖,这是积极的,因为这通常是股息可持续的迹象,较低的派息率通常意味着在股息削减之前有更大的安全边际。
单击此处查看迪克森概念(国际)在过去12个月中支付了多少利润。
联交所:113历史性红利2022年8月7日
盈利和股息一直在增长吗?
产生可持续收益增长的公司的股票往往是最好的股息前景,因为当收益上升时,提高股息更容易。如果收益降幅足够大,该公司可能会被迫削减股息。对于读者来说,幸运的是,迪克森概念(国际)的每股收益在过去五年中以每年19%的速度增长。迪克森概念(国际)支付的收益略高于其收益的一半,这表明该公司在再投资于增长和支付股息之间取得了平衡。这是一个合理的组合,可能暗示着未来将进一步增加股息。
大多数投资者评估一家公司的股息前景的主要方式是检查历史上的股息增长率。根据过去10年的股息支付,迪克森概念(国际)公司的股息平均每年增加0.6%。很高兴看到收益和股息都有所改善--尽管前者的增长速度比后者快得多,这可能是因为该公司将更多利润再投资于增长。
最终外卖
投资者应该为即将到来的股息买入迪克森概念(国际)吗?我们喜欢迪克森概念(国际)不断增长的每股收益,以及这样一个事实--虽然它的派息率接近平均水平,但它支付的现金流比例较低。迪克森概念(国际)从这一分析来看总体上是可靠的,我们肯定会考虑更仔细地调查它。
因此,虽然Dickson Concepts(International)从股息角度看起来很好,但了解这只股票所涉及的风险总是值得的。每家公司都有风险,我们已经发现Dickson Concept(国际)的2个警告标志你应该知道。
如果您正在寻找强大的股息支付者,我们建议查看我们精选的顶级股利股票。
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本文由Simply Wall St.撰写,具有概括性。我们仅使用不偏不倚的方法提供基于历史数据和分析师预测的评论,我们的文章并不打算作为财务建议。它不构成买卖任何股票的建议,也没有考虑你的目标或你的财务状况。我们的目标是为您带来由基本面数据驱动的长期重点分析。请注意,我们的分析可能不会将最新的对价格敏感的公司公告或定性材料考虑在内。Simply Wall St.对上述任何一只股票都没有持仓。