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Dividend Investors: Don't Be Too Quick To Buy Swire Properties Limited (HKG:1972) For Its Upcoming Dividend
Dividend Investors: Don't Be Too Quick To Buy Swire Properties Limited (HKG:1972) For Its Upcoming 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 Swire Properties Limited (HKG:1972) 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. 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 Swire Properties' shares before the 7th of September in order to receive the dividend, which the company will pay on the 6th of October.
The company's next dividend payment will be HK$0.32 per share, on the back of last year when the company paid a total of HK$0.95 to shareholders. Based on the last year's worth of payments, Swire Properties has a trailing yield of 5.2% on the current stock price of HK$18.22. If you buy this business for its dividend, you should have an idea of whether Swire Properties's dividend is reliable and sustainable. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
View our latest analysis for Swire Properties
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Swire Properties is paying out an acceptable 59% of its profit, a common payout level among most companies. A useful secondary check can be to evaluate whether Swire Properties generated enough free cash flow to afford its dividend. Over the last year, it paid out dividends equivalent to 248% of what it generated in free cash flow, a disturbingly high percentage. Our definition of free cash flow excludes cash generated from asset sales, so since Swire Properties is paying out such a high percentage of its cash flow, it might be worth seeing if it sold assets or had similar events that might have led to such a high dividend payment.
Swire Properties paid out less in dividends than it reported in profits, but unfortunately it didn't generate enough cash to cover the dividend. Cash is king, as they say, and were Swire Properties to repeatedly pay dividends that aren't well covered by cashflow, we would consider this a warning sign.
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
SEHK:1972 Historic Dividend September 2nd 2022Have Earnings And Dividends Been Growing?
Companies with falling earnings are riskier for dividend shareholders. If earnings fall far enough, the company could be forced to cut its dividend. With that in mind, we're discomforted by Swire Properties's 8.9% per annum decline in earnings in the past five years. When earnings per share fall, the maximum amount of dividends that can be paid also falls.
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. Swire Properties has delivered 16% dividend growth per year on average over the past 10 years. 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.
To Sum It Up
From a dividend perspective, should investors buy or avoid Swire Properties? Swire Properties had an average payout ratio, but its free cash flow was lower and earnings per share have been declining. Overall it doesn't look like the most suitable dividend stock for a long-term buy and hold investor.
Having said that, if you're looking at this stock without much concern for the dividend, you should still be familiar of the risks involved with Swire Properties. For example, we've found 2 warning signs for Swire Properties that we recommend you consider before investing in the business.
A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks.
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.
一些投资者依靠股息来增加他们的财富,如果你是股息侦探中的一员,你可能会感兴趣地知道太古地产有限公司(HKG:1972)即将在4天内除息。除息日期通常被设定为记录日期之前的一个工作日,也就是你必须作为股东出现在公司账簿上才能获得股息的截止日期。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。因此,你可以在9月7日之前购买太古地产的股票,以获得公司将在10月6日支付的股息。
该公司的下一次派息将为每股0.32港元,去年公司向股东支付的股息总额为0.95港元。根据上一年的支付金额,太古地产目前的股价为18.22港元,往绩收益率为5.2%。如果你收购这项业务是为了它的分红,你应该对太古地产的分红是否可靠和可持续有所了解。这就是为什么我们应该总是检查股息支付是否看起来可持续,以及公司是否在增长。
查看我们对太古地产的最新分析
如果一家公司支付的股息超过了它赚取的股息,那么股息可能会变得不可持续--这几乎不是一个理想的情况。太古地产支付的股息相当于其利润的59%,这在大多数公司中是常见的水平。一个有用的次要检查可以是评估太古地产是否产生了足够的自由现金流来支付股息。去年,它支付的股息相当于其产生的自由现金流的248%,这一比例高得令人不安。我们对自由现金流的定义不包括资产出售产生的现金,因此,由于太古地产支付的现金流占其现金流的比例如此之高,或许值得看看它是否出售了资产,或者发生了可能导致如此高股息支付的类似事件。
太古地产支付的股息少于其公布的利润,但不幸的是,它没有产生足够的现金来支付股息。正如他们所说,现金为王,如果太古地产一再支付现金流无法很好覆盖的股息,我们会认为这是一个警告信号。
点击此处查看该公司的派息率,以及分析师对其未来股息的估计。
联交所:1972年历史性红利2022年9月2日盈利和股息一直在增长吗?
盈利下降的公司对股息股东来说风险更大。如果收益降幅足够大,该公司可能会被迫削减股息。考虑到这一点,我们对太古地产过去五年的年收入下降8.9%感到不安。当每股收益下降时,可以支付的最高股息金额也会下降。
许多投资者将通过评估一家公司的股息支付随着时间的推移发生了多大变化来评估公司的股息表现。在过去的10年里,太古地产的股息平均每年增长16%。在收益下降的同时提高股息支付率可以在一段时间内带来不错的回报,但当公司无法再提高支付率时,总是值得检查的--因为那时音乐就会停止。
总结一下
从分红角度看,投资者应该买入还是避开太古地产?太古地产的平均派息率,但其自由现金流较低,每股收益一直在下降。总体而言,对于长期买入并持有的投资者来说,它看起来不是最合适的股息股票。
话虽如此,如果你看这只股票时并不太关心股息,你应该仍然熟悉太古地产所涉及的风险。例如,我们发现太古地产的2个警示标志我们建议您在投资业务之前考虑这些问题。
一个常见的投资错误是购买你看到的第一只有趣的股票。在这里你可以找到高收益股息股的完整名单。
对这篇文章有什么反馈吗?担心内容吗? 保持联系直接与我们联系。或者,也可以给编辑组发电子邮件,地址是implywallst.com。
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。
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moomoo是Moomoo Technologies Inc.公司提供的金融信息和交易应用程序。
在美国,moomoo上的投资产品和服务由Moomoo Financial Inc.提供,一家受美国证券交易委员会(SEC)监管的持牌主体。 Moomoo Financial Inc.是金融业监管局(FINRA)和证券投资者保护公司(SIPC)的成员。
在新加坡,moomoo上的投资产品和服务是通过Moomoo Financial Singapore Pte. Ltd.提供,该公司受新加坡金融管理局(MAS)监管(牌照号码︰CMS101000) ,持有资本市场服务牌照 (CMS) ,持有财务顾问豁免(Exempt Financial Adviser)资质。本内容未经新加坡金融管理局的审查。
在澳大利亚,moomoo上的金融产品和服务是通过Futu Securities (Australia) Ltd提供,该公司是受澳大利亚证券和投资委员会(ASIC)监管的澳大利亚金融服务许可机构(AFSL No. 224663)。请阅读并理解我们的《金融服务指南》、《条款与条件》、《隐私政策》和其他披露文件,这些文件可在我们的网站 https://www.moomoo.com/au中获取。
在加拿大,通过moomoo应用提供的仅限订单执行的券商服务由Moomoo Financial Canada Inc.提供,并受加拿大投资监管机构(CIRO)监管。
在马来西亚,moomoo上的投资产品和服务是通过Moomoo Securities Malaysia Sdn. Bhd. 提供,该公司受马来西亚证券监督委员会(SC)监管(牌照号码︰eCMSL/A0397/2024) ,持有资本市场服务牌照 (CMSL) 。本内容未经马来西亚证券监督委员会的审查。
Moomoo Technologies Inc., Moomoo Financial Inc., Moomoo Financial Singapore Pte. Ltd., Futu Securities (Australia) Ltd, Moomoo Financial Canada Inc.,和Moomoo Securities Malaysia Sdn. Bhd.是关联公司。
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