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Don't Race Out To Buy Singapore Technologies Engineering Ltd (SGX:S63) Just Because It's Going Ex-Dividend
Don't Race Out To Buy Singapore Technologies Engineering Ltd (SGX:S63) Just Because It's Going Ex-Dividend
Singapore Technologies Engineering Ltd (SGX:S63) is about to trade ex-dividend in the next four days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. In other words, investors can purchase Singapore Technologies Engineering's shares before the 22nd of August in order to be eligible for the dividend, which will be paid on the 2nd of September.
The company's next dividend payment will be S$0.04 per share. Last year, in total, the company distributed S$0.16 to shareholders. Calculating the last year's worth of payments shows that Singapore Technologies Engineering has a trailing yield of 4.1% on the current share price of SGD3.95. 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 investigate whether Singapore Technologies Engineering can afford its dividend, and if the dividend could grow.
Check out our latest analysis for Singapore Technologies Engineering
If a company pays out more in dividends than it earned, then the dividend might become unsustainable - hardly an ideal situation. Last year Singapore Technologies Engineering paid out 101% of its profits as dividends to shareholders, suggesting the dividend is not well covered by earnings. A useful secondary check can be to evaluate whether Singapore Technologies Engineering generated enough free cash flow to afford its dividend. It paid out an unsustainably high 234% of its free cash flow as dividends over the past 12 months, which is worrying. Our definition of free cash flow excludes cash generated from asset sales, so since Singapore Technologies Engineering 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.
As Singapore Technologies Engineering's dividend was not well covered by either earnings or cash flow, we would be concerned that this dividend could be at risk over the long term.
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
SGX:S63 Historic Dividend August 17th 2022Have Earnings And Dividends Been Growing?
Businesses with strong growth prospects usually make the best dividend payers, because it's easier to grow dividends when earnings per share are improving. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. With that in mind, we're encouraged by the steady growth at Singapore Technologies Engineering, with earnings per share up 2.7% on average over the last five years. Minimal earnings growth, combined with concerningly high payout ratios suggests that Singapore Technologies Engineering is unlikely to grow the dividend much in future, and indeed the payment could be vulnerable to a cut.
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Singapore Technologies Engineering's dividend payments are effectively flat on where they were 10 years ago.
The Bottom Line
From a dividend perspective, should investors buy or avoid Singapore Technologies Engineering? Singapore Technologies Engineering is paying out an uncomfortably high percentage of both earnings and cash flow as dividends, although at least earnings per share are growing somewhat. It's not the most attractive proposition from a dividend perspective, and we'd probably give this one a miss for now.
So if you're still interested in Singapore Technologies Engineering despite it's poor dividend qualities, you should be well informed on some of the risks facing this stock. For example - Singapore Technologies Engineering has 2 warning signs we think you should be aware of.
Generally, we wouldn't recommend just buying the first dividend stock you see. Here's a curated list of interesting stocks that are strong dividend payers.
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.
新加坡科技工程有限公司(新加坡證券交易所股票代碼:S63)即將在未來四天進行除股息交易。除息日期是公司記錄日期的前一個工作日,也就是公司決定哪些股東有權獲得股息的日期。除息日期是一個需要注意的重要日期,因為在這個日期或之後購買股票可能意味着延遲結算,而不會顯示在記錄日期上。換句話説,投資者可以在8月22日之前購買新加坡科技工程公司的股票,以便有資格獲得將於9月2日支付的股息。
該公司的下一次股息支付將為每股0.04新元。去年,該公司總共向股東分配了0.16新元。計算去年的支付金額顯示,新加坡科技工程公司目前的股價為3.95新元,往績收益率為4.1%。股息是長期持有者投資回報的主要貢獻者,但前提是繼續支付股息。因此,我們需要調查新加坡科技工程公司是否有能力支付股息,以及股息是否會增長。
查看我們對新加坡技術工程公司的最新分析
如果一家公司支付的股息超過了它賺取的股息,那麼股息可能會變得不可持續--這幾乎不是一個理想的情況。去年,新加坡科技工程公司將其利潤的101%作為股息支付給了股東,這表明收益並沒有很好地彌補股息。一個有用的次要檢查可以是評估新加坡科技工程公司是否產生了足夠的自由現金流來支付股息。在過去的12個月裏,它支付了不可持續的高達234%的自由現金流作為股息,這令人擔憂。我們對自由現金流的定義不包括資產出售產生的現金,因此,由於新加坡技術工程公司支付的現金流佔其現金流的比例如此之高,可能值得看看它是否出售了資產或發生了可能導致如此高股息支付的類似事件。
由於新加坡技術工程公司的股息在收益或現金流中都沒有得到很好的覆蓋,我們擔心這種股息在長期內可能存在風險。
點擊此處查看該公司的派息率,以及分析師對其未來股息的估計。
新交所:S63歷史性股息2022年8月17日盈利和股息一直在增長嗎?
增長前景強勁的企業通常是最好的股息支付者,因為當每股收益改善時,增加股息更容易。如果業務進入低迷,股息被削減,該公司的價值可能會急劇縮水。考慮到這一點,我們對新加坡技術工程公司的穩步增長感到鼓舞,在過去五年中,每股收益平均增長了2.7%。微薄的盈利增長,再加上令人擔憂的高派息率,表明新加坡科技工程公司未來不太可能大幅增加股息,實際上,股息可能很容易被削減。
大多數投資者評估一家公司的股息前景的主要方式是檢查歷史上的股息增長率。新加坡科技工程公司的股息支出實際上與10年前持平。
底線
從分紅的角度來看,投資者應該買入還是避開新加坡科技工程公司?新加坡科技工程公司正在支付高得令人不安的收益和現金流的股息,儘管至少每股收益有所增長。從分紅的角度來看,這不是最具吸引力的提議,目前我們可能不會對這一提議抱有期望。
因此,如果你仍然對新加坡科技工程公司感興趣,儘管它的股息質量很差,你應該很清楚這隻股票面臨的一些風險。例如-新加坡技術工程公司2個警告標誌我們認為你應該意識到。
一般來説,我們不會建議只購買你看到的第一批股息股票。這是這是一份精心挑選的股息支付強勁的有趣股票的名單。
對這篇文章有什麼反饋嗎?擔心內容嗎? 保持聯繫直接與我們聯繫。或者,也可以給編輯組發電子郵件,地址是implywallst.com。
本文由Simply Wall St.撰寫,具有概括性。我們僅使用不偏不倚的方法提供基於歷史數據和分析師預測的評論,我們的文章並不打算作為財務建議。它不構成買賣任何股票的建議,也沒有考慮你的目標或你的財務狀況。我們的目標是為您帶來由基本面數據驅動的長期重點分析。請注意,我們的分析可能不會將最新的對價格敏感的公司公告或定性材料考慮在內。Simply Wall St.對上述任何一隻股票都沒有持倉。
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在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
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., 是關聯公司。
風險及免責聲明
moomoo是Moomoo Technologies Inc.公司提供的金融資訊和交易應用程式。
在美國,moomoo上的投資產品和服務由Moomoo Financial Inc.提供,一家受美國證券交易委員會(SEC)監管的持牌主體。 Moomoo Financial Inc.是金融業監管局(FINRA)和證券投資者保護公司(SIPC)的成員。
在新加坡,moomoo上的投資產品和服務是通過Moomoo Financial Singapore Pte. Ltd.提供,該公司受新加坡金融管理局(MAS)監管(牌照號碼︰CMS101000) ,持有資本市場服務牌照 (CMS) ,持有財務顧問豁免(Exempt Financial Adviser)資質。本內容未經新加坡金融管理局的審查。
在澳大利亞,moomoo上的金融產品和服務是通過Futu Securities (Australia) Ltd提供,該公司是受澳大利亞證券和投資委員會(ASIC)監管的澳大利亞金融服務許可機構(AFSL No. 224663)。請閱讀並理解我們的《金融服務指南》、《條款與條件》、《隱私政策》和其他披露文件,這些文件可在我們的網站 https://www.moomoo.com/au中獲取。
在加拿大,透過moomoo應用程式提供的僅限訂單執行的券商服務由Moomoo Financial Canada Inc.提供,並受加拿大投資監管機構(CIRO)監管。
在馬來西亞,moomoo上的投資產品和服務是透過Moomoo Securities Malaysia Sdn. Bhd. 提供,該公司受馬來西亞證券監督委員會(SC)監管(牌照號碼︰eCMSL/A0397/2024) ,持有資本市場服務牌照 (CMSL) 。本內容未經馬來西亞證券監督委員會的審查。
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., 是關聯公司。
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