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 E. Bon Holdings Limited (HKG:599) is about to go ex-dividend in just four days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. 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. Meaning, you will need to purchase E. Bon Holdings' shares before the 13th of September to receive the dividend, which will be paid on the 12th of October.
The company's next dividend payment will be HK$0.01 per share, and in the last 12 months, the company paid a total of HK$0.02 per share. Calculating the last year's worth of payments shows that E. Bon Holdings has a trailing yield of 5.0% on the current share price of HK$0.4. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it's growing.
Check out our latest analysis for E. Bon Holdings
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. Its dividend payout ratio is 76% of profit, which means the company is paying out a majority of its earnings. The relatively limited profit reinvestment could slow the rate of future earnings growth. We'd be worried about the risk of a drop in earnings. 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. The good news is it paid out just 9.1% of its free cash flow in the last year.
It's positive to see that E. Bon Holdings'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 E. Bon Holdings paid out over the last 12 months.
SEHK:599 Historic Dividend September 8th 2022
Have Earnings And Dividends Been Growing?
When earnings decline, dividend companies become much harder to analyse and own safely. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. E. Bon Holdings's earnings per share have fallen at approximately 22% a year over the previous five years. Such a sharp decline casts doubt on the future sustainability of the dividend.
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. E. Bon Holdings's dividend payments per share have declined at 4.0% per year on average over the past 10 years, which is uninspiring. It's never nice to see earnings and dividends falling, but at least management has cut the dividend rather than potentially risk the company's health in an attempt to maintain it.
Final Takeaway
Is E. Bon Holdings worth buying for its dividend? The payout ratios are within a reasonable range, implying the dividend may be sustainable. Declining earnings are a serious concern, however, and could pose a threat to the dividend in future. In summary, it's hard to get excited about E. Bon Holdings from a dividend perspective.
So if you want to do more digging on E. Bon Holdings, you'll find it worthwhile knowing the risks that this stock faces. To that end, you should learn about the 3 warning signs we've spotted with E. Bon Holdings (including 1 which doesn't sit too well with us).
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.
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宜邦集團有限公司(HKG:599)即將在短短四天內除息。除股息日期是記錄日期之前的一個工作日,這是股東在公司賬面上有資格獲得股息支付的截止日期。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。這意味着,你需要在9月13日之前購買E.Bon Holdings的股票才能獲得股息,股息將在10月12日支付。
該公司下一次派發股息為每股0.01港元,過去12個月,公司共派發每股0.02港元。計算上一年的支付金額顯示,意邦控股目前的股價為0.4港元,往績收益率為5.0%。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。我們需要看看股息是否由收益覆蓋,以及是否在增長。
查看我們對E.Bon Holdings的最新分析
股息通常從公司收入中支付,因此,如果一家公司支付的股息超過了它的收入,它的股息通常被削減的風險更高。其股息支付率為利潤的76%,這意味着該公司支付了大部分收益。相對有限的利潤再投資可能會減緩未來收益的增長速度。我們會擔心收益下降的風險。這就是説,即使是高利潤的公司有時也可能無法產生足夠的現金來支付股息,這就是為什麼我們應該總是檢查股息是否由現金流覆蓋。好消息是,去年它只支付了9.1%的自由現金流。
看到E.Bon Holdings的股息同時由利潤和現金流覆蓋,這是積極的,因為這通常是股息可持續的跡象,較低的派息率通常意味着在股息削減之前有更大的安全邊際。
點擊這裏查看E.Bon Holdings在過去12個月中支付了多少利潤。
聯交所:599歷史股息2022年9月8日
盈利和股息一直在增長嗎?
當收益下降時,股利公司就更難分析和安全持有了。如果收益下降,該公司被迫削減股息,投資者可能會眼睜睜地看着他們的投資價值化為烏有。在過去的五年裏,E.Bon Holdings的每股收益以每年約22%的速度下降。如此大幅的下跌讓人對紅利未來的可持續性產生了懷疑。
衡量一家公司股息前景的另一個關鍵方法是衡量其歷史股息增長率。在過去的10年裏,E.Bon Holdings的每股股息支付平均每年下降4.0%,這並不鼓舞人心。看到收益和股息下降從來都不是好事,但至少管理層削減了股息,而不是為了維持股息而潛在地冒着公司健康的風險。
最終外賣
E.Bon Holdings值得為其股息買入嗎?派息率在合理範圍內,意味着股息可能是可持續的。然而,盈利下降是一個嚴重的問題,可能會對未來的股息構成威脅。總而言之,從分紅的角度來看,人們很難對E.Bon Holdings感到興奮。
因此,如果你想對E.Bon Holdings做更多的挖掘,你會發現瞭解這隻股票面臨的風險是值得的。為此,您應該瞭解3個警示標誌我們已經發現了E.Bon Holdings(包括1家不太受我們歡迎的公司)。
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。