-
市場
-
產品
-
資訊
-
Moo社區
-
課堂
-
查看更多
-
功能介紹
-
費用費用透明,無最低余額限制
投資選擇、功能介紹、費用相關信息由Moomoo Financial Inc.提供
- English
- 中文繁體
- 中文简体
- 深色
- 淺色
Don't Race Out To Buy China Everbright Limited (HKG:165) Just Because It's Going Ex-Dividend
Don't Race Out To Buy China Everbright Limited (HKG:165) Just Because It's Going Ex-Dividend
China Everbright Limited (HKG:165) is about to trade ex-dividend in the next 3 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. This means that investors who purchase China Everbright's shares on or after the 16th of September will not receive the dividend, which will be paid on the 7th of October.
The company's next dividend payment will be HK$0.15 per share. Last year, in total, the company distributed HK$0.45 to shareholders. Looking at the last 12 months of distributions, China Everbright has a trailing yield of approximately 7.7% on its current stock price of HK$5.82. 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 China Everbright can afford its dividend, and if the dividend could grow.
See our latest analysis for China Everbright
Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. China Everbright lost money last year, so the fact that it's paying a dividend is certainly disconcerting. There might be a good reason for this, but we'd want to look into it further before getting comfortable.
Click here to see the company's payout ratio, plus analyst estimates of its future dividends.
SEHK:165 Historic Dividend September 12th 2022Have 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. China Everbright reported a loss last year, and the general trend suggests its earnings have also been declining in recent years, making us wonder if the dividend is at risk.
We'd also point out that China Everbright issued a meaningful number of new shares in the past year. Trying to grow the dividend while issuing large amounts of new shares reminds us of the ancient Greek tale of Sisyphus - perpetually pushing a boulder uphill.
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. China Everbright's dividend payments are effectively flat on where they were 10 years ago. When earnings are declining yet the dividends are flat, typically the company is either paying out a higher portion of its earnings, or paying out of cash or debt on the balance sheet, neither of which is ideal.
Remember, you can always get a snapshot of China Everbright's financial health, by checking our visualisation of its financial health, here.
The Bottom Line
Is China Everbright worth buying for its dividend? First, it's not great to see the company paying a dividend despite being loss-making over the last year. Worse, the general trend in its earnings looks negative in recent years. China Everbright doesn't appear to have a lot going for it, and we're not inclined to take a risk on owning it for the dividend.
With that in mind though, if the poor dividend characteristics of China Everbright don't faze you, it's worth being mindful of the risks involved with this business. For example, we've found 3 warning signs for China Everbright (2 are a bit unpleasant!) that deserve your attention before investing in the shares.
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.
中國光大股份有限公司(HKG:165)即將在未來3天內進行除股息交易。通常,除息日期是記錄日期之前的一個工作日,記錄日期是公司確定有資格獲得股息的股東的日期。除息日期是重要的,因為每當買賣一隻股票時,交易至少需要兩個工作日才能結算。這意味着,在9月16日或之後購買中國光大股票的投資者將不會收到股息,股息將於10月7日支付。
該公司下一次派息將為每股0.15港元。去年,該公司總共向股東派發了0.45港元。看看過去12個月的分配情況,中國光大目前的股價為5.82港元,往績收益率約為7.7%。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,我們需要調查中國光大是否有能力支付其股息,以及股息是否會增長。
查看我們對中國光大的最新分析
股息通常從公司利潤中支付,因此,如果一家公司支付的股息超過了它的收入,那麼它的股息通常被削減的風險更大。中國光大去年虧損,因此它派發股息的事實肯定令人不安。這可能有一個很好的理由,但我們想要在感到舒服之前進一步研究它。
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:165歷史性紅利2022年9月12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。中國光大去年報告虧損,總體趨勢表明,其收益近年來也在下降,這讓我們懷疑股息是否存在風險。
我們還會指出,中國光大在過去一年發行了數量可觀的新股。試圖在增加股息的同時發行大量新股,這讓我們想起了古希臘西西弗斯的故事--不斷地把巨石推上山。
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。中國光大的股息支付實際上與10年前持平。當盈利下降但股息持平時,通常情況下,公司要麼支付更高比例的收益,要麼支付資產負債表上的現金或債務,這兩種情況都不理想。
請記住,您隨時可以通過查看我們對光大財務健康狀況的可視化查看來了解中國光大的財務健康狀況。
底線
光大銀行值得收購以換取其股息嗎?首先,看到該公司在過去一年虧損的情況下仍支付股息並不是一件好事。更糟糕的是,近年來其收益的總體趨勢看起來是負面的。中國光大似乎沒有太大的機會,我們不願為了分紅而冒險持有光大。
不過,考慮到這一點,如果中國光大的糟糕股息特徵沒有讓你感到不安,那麼有必要注意這項業務所涉及的風險。例如,我們發現中國光大的三個警示信號(有兩個有點令人不快!)在投資股票之前,這些問題值得你關注。
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。
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。
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。
- 分享到weixin
- 分享到qq
- 分享到facebook
- 分享到twitter
- 分享到微博
- 粘贴板
使用瀏覽器的分享功能,分享給你的好友吧