It looks like Azeus Systems Holdings Ltd. (SGX:BBW) is about to go ex-dividend in the next 3 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. Meaning, you will need to purchase Azeus Systems Holdings' shares before the 17th of October to receive the dividend, which will be paid on the 31st of October.
The company's upcoming dividend is HK$1.62 a share, following on from the last 12 months, when the company distributed a total of HK$1.62 per share to shareholders. Calculating the last year's worth of payments shows that Azeus Systems Holdings has a trailing yield of 4.1% on the current share price of SGD7.15. If you buy this business for its dividend, you should have an idea of whether Azeus Systems Holdings's dividend is reliable and sustainable. As a result, readers should always check whether Azeus Systems Holdings has been able to grow its dividends, or if the dividend might be cut.
Check out our latest analysis for Azeus Systems Holdings
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Last year, Azeus Systems Holdings paid out 100% of its income as dividends, which is above a level that we're comfortable with, especially if the company needs to reinvest in its business. 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. It paid out 20% of its free cash flow as dividends last year, which is conservatively low.
It's disappointing to see that the dividend was not covered by profits, but cash is more important from a dividend sustainability perspective, and Azeus Systems Holdings fortunately did generate enough cash to fund its dividend. If executives were to continue paying more in dividends than the company reported in profits, we'd view this as a warning sign. Extraordinarily few companies are capable of persistently paying a dividend that is greater than their profits.
Click here to see how much of its profit Azeus Systems Holdings paid out over the last 12 months.
SGX:BBW Historic Dividend October 13th 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 business enters a downturn and the dividend is cut, the company could see its value fall precipitously. That's why it's comforting to see Azeus Systems Holdings's earnings have been skyrocketing, up 59% per annum for the past five years.
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. In the past 10 years, Azeus Systems Holdings has increased its dividend at approximately 17% a year on average. It's exciting to see that both earnings and dividends per share have grown rapidly over the past few years.
The Bottom Line
Has Azeus Systems Holdings got what it takes to maintain its dividend payments? Earnings per share have been rising nicely although, even though its cashflow payout ratio is low, we question why Azeus Systems Holdings is paying out so much of its profit. Overall, it's hard to get excited about Azeus Systems Holdings from a dividend perspective.
On that note, you'll want to research what risks Azeus Systems Holdings is facing. For example, Azeus Systems Holdings has 2 warning signs (and 1 which is a bit unpleasant) we think you should know about.
A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield 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.
看起来像 Azeus Systems 控股有限公司 (SGX: BBW) 即将在未来三天内除息。除息日通常设置为记录日期之前的一个工作日,即您必须以股东身份出现在公司账簿上才能获得股息的截止日期。除息日很重要,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。这意味着,你需要在10月17日之前购买Azeus Systems Holdings的股票才能获得股息,股息将于10月31日支付。
该公司即将派发的股息为每股1.62港元,此前该公司向股东分配了每股1.62港元的股息。计算去年的付款价值显示,与当前7.15新元的股价相比,Azeus Systems Holdings的后续收益率为4.1%。如果你收购这家企业是为了获得股息,你应该知道Azeus Systems Holdings的股息是否可靠和可持续。因此,读者应始终检查Azeus Systems Holdings是否能够增加股息,或者是否可能削减股息。
查看我们对 Azeus Systems Holdings 的最新分析
如果一家公司支付的股息超过其收入,那么股息可能会变得不可持续,这并不是一个理想的情况。去年,Azeus Systems Holdings将其收入的100%作为股息支付,这高于我们满意的水平,尤其是在公司需要对其业务进行再投资的情况下。也就是说,即使是高利润的公司有时也可能无法产生足够的现金来支付股息,这就是为什么我们应该始终检查股息是否由现金流支付。去年,它将其自由现金流的20%作为股息支付,处于保守的低水平。
令人失望的是,股息没有由利润支付,但从股息可持续性的角度来看,现金更为重要,幸运的是,Azeus Systems Holdings确实产生了足够的现金来为其股息提供资金。如果高管继续支付的股息超过公司报告的利润,我们会将其视为警告信号。极少数公司能够持续支付高于其利润的股息。
点击此处查看Azeus Systems Holdings在过去12个月中支付了多少利润。
SGX: BBW 历史股息 2022 年 10 月 13 日
收益和股息一直在增长吗?
实现可持续收益增长的公司的股票通常具有最佳的股息前景,因为在收益增加时更容易提高股息。如果业务进入低迷期,股息被削减,该公司的价值可能会急剧下降。这就是为什么看到Azeus Systems Holdings的收益猛增令人欣慰的原因,在过去五年中每年增长59%。
衡量公司股息前景的另一种关键方法是衡量其历史股息增长率。在过去的十年中,Azeus Systems Holdings的股息平均每年增加约17%。令人兴奋的是,在过去几年中,每股收益和股息都迅速增长。
底线
Azeus Systems Holdings 有足够的资金来维持其股息支付吗?尽管每股收益增长良好,尽管其现金流支付率很低,但我们质疑为什么Azeus Systems Holdings要支付如此多的利润。总体而言,从股息的角度来看,很难对Azeus Systems Holdings感到兴奋。
顺便说一句,你需要研究一下Azeus Systems Holdings面临的风险。例如,Azeus Systems Holdings 有 2 个警告标志 (还有 1 有点不愉快)我们认为你应该知道。
一个常见的投资错误是买入你看到的第一只有趣的股票。在这里你可以找到 高收益股息股票的完整清单。
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Simply Wall St 的这篇文章本质上是笼统的。 我们仅使用公正的方法根据历史数据和分析师的预测提供评论,我们的文章无意作为财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能不考虑最新的价格敏感公司公告或定性材料。简而言之,华尔街在上述任何股票中都没有头寸。