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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.
一些投資者依靠股息來增加他們的財富,如果你是股息偵探中的一員,你可能會感興趣地知道太古地產有限公司(HKG:1972)即將在4天內除息。除息日期通常被設定為記錄日期之前的一個工作日,也就是你必須作為股東出現在公司賬簿上才能獲得股息的截止日期。除息日期很重要,因為股票的任何交易都需要在記錄日期之前結算,才有資格獲得股息。因此,你可以在9月7日之前購買太古地產的股票,以獲得公司將在10月6日支付的股息。
該公司的下一次派息將為每股0.32港元,去年公司向股東支付的股息總額為0.95港元。根據上一年的支付金額,太古地產目前的股價為18.22港元,往績收益率為5.2%。如果你收購這項業務是為了它的分紅,你應該對太古地產的分紅是否可靠和可持續有所瞭解。這就是為什麼我們應該總是檢查股息支付是否看起來可持續,以及公司是否在增長。
查看我們對太古地產的最新分析
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。太古地產支付的股息相當於其利潤的59%,這在大多數公司中是常見的水平。一個有用的次要檢查可以是評估太古地產是否產生了足夠的自由現金流來支付股息。去年,它支付的股息相當於其產生的自由現金流的248%,這一比例高得令人不安。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,由於太古地產支付的現金流佔其現金流的比例如此之高,或許值得看看它是否出售了資產,或者發生了可能導致如此高股息支付的類似事件。
太古地產支付的股息少於其公佈的利潤,但不幸的是,它沒有產生足夠的現金來支付股息。正如他們所説,現金為王,如果太古地產一再支付現金流無法很好覆蓋的股息,我們會認為這是一個警告信號。
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。
聯交所:1972年曆史性紅利2022年9月2日盈利和股息一直在增長嗎?
盈利下降的公司對股息股東來説風險更大。如果收益降幅足夠大,該公司可能會被迫削減股息。考慮到這一點,我們對太古地產過去五年的年收入下降8.9%感到不安。當每股收益下降時,可以支付的最高股息金額也會下降。
許多投資者將通過評估一家公司的股息支付隨着時間的推移發生了多大變化來評估公司的股息表現。在過去的10年裏,太古地產的股息平均每年增長16%。在收益下降的同時提高股息支付率可以在一段時間內帶來不錯的回報,但當公司無法再提高支付率時,總是值得檢查的--因為那時音樂就會停止。
總結一下
從分紅角度看,投資者應該買入還是避開太古地產?太古地產的平均派息率,但其自由現金流較低,每股收益一直在下降。總體而言,對於長期買入並持有的投資者來説,它看起來不是最合適的股息股票。
話雖如此,如果你看這隻股票時並不太關心股息,你應該仍然熟悉太古地產所涉及的風險。例如,我們發現太古地產的2個警示標誌我們建議您在投資業務之前考慮這些問題。
一個常見的投資錯誤是購買你看到的第一隻有趣的股票。在這裏你可以找到高收益股息股的完整名單。
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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