It looks like OUE Limited (SGX:LJ3) is about to go ex-dividend in the next four 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 OUE's shares before the 14th of September in order to receive the dividend, which the company will pay on the 29th of September.
The company's next dividend payment will be S$0.01 per share, and in the last 12 months, the company paid a total of S$0.02 per share. Calculating the last year's worth of payments shows that OUE has a trailing yield of 1.5% on the current share price of SGD1.36. 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 check whether the dividend payments are covered, and if earnings are growing.
View our latest analysis for OUE
Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. OUE has a low and conservative payout ratio of just 12% of its income after tax. A useful secondary check can be to evaluate whether OUE generated enough free cash flow to afford its dividend. Luckily it paid out just 18% of its free cash flow last year.
It's positive to see that OUE'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 OUE paid out over the last 12 months.
SGX:LJ3 Historic Dividend September 9th 2022
Have Earnings And Dividends Been Growing?
Companies that aren't growing their earnings can still be valuable, but it is even more important to assess the sustainability of the dividend if it looks like the company will struggle to grow. If earnings fall far enough, the company could be forced to cut its dividend. With that in mind, we're not enthused to see that OUE's earnings per share have remained effectively flat over the past five years. It's better than seeing them drop, certainly, but over the long term, all of the best dividend stocks are able to meaningfully grow their earnings per share. OUE is retaining more than three-quarters of its earnings and has a history of generating some growth in earnings. We think this is a reasonable combination.
The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. OUE's dividend payments per share have declined at 6.7% per year on average over the past 10 years, which is uninspiring.
To Sum It Up
Should investors buy OUE for the upcoming dividend? Earnings per share have been flat over this time, but we're intrigued to see that OUE is paying out less than half its earnings and cash flow as dividends. This is interesting for a few reasons, as it suggests management may be reinvesting heavily in the business, but it also provides room to increase the dividend in time. Generally we like to see both low payout ratios and strong earnings per share growth, but OUE is halfway there. OUE looks solid on this analysis overall, and we'd definitely consider investigating it more closely.
In light of that, while OUE has an appealing dividend, it's worth knowing the risks involved with this stock. In terms of investment risks, we've identified 2 warning signs with OUE and understanding them should be part of your investment process.
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.
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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.
看起來像是OUE有限公司(新加坡證券交易所股票代碼:LJ3)即將在未來四天內除息。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14日之前購買OUE的股票,以獲得公司將在9月29日支付的股息。
該公司的下一次股息支付將為每股0.01新元,在過去12個月中,該公司總共支付了每股0.02新元。計算去年的支付價值顯示,OUE在當前股價1.36新元的基礎上有1.5%的往績收益率。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,我們需要檢查股息支付是否得到覆蓋,以及收益是否在增長。
查看我們對OUE的最新分析
股息通常從公司收益中支付。如果一家公司支付的股息超過了它的利潤,那麼股息可能是不可持續的。OUE的派息率很低,而且很保守,僅佔其税後收入的12%。一個有用的次要檢查可以是評估OUE是否產生了足夠的自由現金流來支付股息。幸運的是,它去年只支付了自由現金流的18%。
看到OUE的股息同時由利潤和現金流覆蓋是積極的,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。
單擊此處查看OUE在過去12個月中支付了多少利潤。
新交所:LJ3歷史性股息2022年9月9日
盈利和股息一直在增長嗎?
盈利沒有增長的公司仍然有價值,但如果公司看起來將難以增長,評估股息的可持續性就更重要了。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,我們並不熱衷於看到OUE的每股收益在過去五年裏實際上持平。當然,這比眼睜睜看着它們下跌要好,但從長遠來看,所有最好的紅利股票都能夠大幅提高每股收益。OUE保留了超過四分之三的收益,並有創造一定收益增長的歷史。我們認為這是一個合理的組合。
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。過去10年,OUE的每股股息支付平均每年下降6.7%,這一點令人沮喪。
總結一下
投資者應該為即將到來的股息買入OUE嗎?在這段時間裏,每股收益持平,但我們很感興趣地看到,OUE支付的股息不到其收益和現金流的一半。這很有趣,有幾個原因,因為它表明管理層可能正在對業務進行大量再投資,但它也提供了及時增加股息的空間。一般來説,我們希望看到低派息率和強勁的每股收益增長,但OUE已經實現了一半。總的來説,OUE在這一分析上看起來很可靠,我們肯定會考慮更仔細地調查它。
有鑑於此,雖然OUE擁有誘人的股息,但瞭解這隻股票所涉及的風險是值得的。在投資風險方面,我們已經確定了兩個警告信號與OUE合作並瞭解它們應該是您投資過程的一部分。
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。