Readers hoping to buy Associated International Hotels Limited (HKG:105) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order 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. Therefore, if you purchase Associated International Hotels' shares on or after the 12th of December, you won't be eligible to receive the dividend, when it is paid on the 5th of January.
The company's next dividend payment will be HK$0.11 per share, and in the last 12 months, the company paid a total of HK$0.32 per share. Last year's total dividend payments show that Associated International Hotels has a trailing yield of 3.5% on the current share price of HK$9.15. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether Associated International Hotels has been able to grow its dividends, or if the dividend might be cut.
Check out our latest analysis for Associated International Hotels
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. Associated International Hotels's dividend is not well covered by earnings, as the company lost money last year. This is not a sustainable state of affairs, so it would be worth investigating if earnings are expected to recover. With the recent loss, it's important to check if the business generated enough cash to pay its dividend. If Associated International Hotels didn't generate enough cash to pay the dividend, then it must have either paid from cash in the bank or by borrowing money, neither of which is sustainable in the long term. Over the last year it paid out 73% of its free cash flow as dividends, within the usual range for most companies.
Click here to see how much of its profit Associated International Hotels paid out over the last 12 months.
SEHK:105 Historic Dividend December 7th 2022
Have 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. Associated International Hotels 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.
Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Associated International Hotels has seen its dividend decline 9.1% per annum on average over the past 10 years, which is not great to see. 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.
Remember, you can always get a snapshot of Associated International Hotels's financial health, by checking our visualisation of its financial health, here.
The Bottom Line
From a dividend perspective, should investors buy or avoid Associated International Hotels? It's hard to get used to Associated International Hotels paying a dividend despite reporting a loss over the past year. At least the dividend was covered by free cash flow, however. It's not an attractive combination from a dividend perspective, and we're inclined to pass on this one for the time being.
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 Associated International Hotels. To that end, you should learn about the 2 warning signs we've spotted with Associated International Hotels (including 1 which is a bit concerning).
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.
希望購買的讀者聯營國際酒店有限公司(HKG:105),由於該股即將進行除股息交易,其股息將需要很快採取行動。除息日期發生在記錄日期的前一天,也就是股東需要登記在公司賬面上才能獲得股息的日期。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。因此,如果您在12月12日或之後購買聯合國際酒店的股票,當1月5日支付股息時,您將沒有資格獲得股息。
該公司下一次派發股息為每股0.11港元,過去12個月,公司共派發每股0.32港元。去年的派息總額顯示,以目前9.15港元的股價計算,聯合國際酒店集團的往績收益率為3.5%。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,讀者應該始終查看聯合國際酒店是否能夠增加股息,或者股息是否可能被削減。
查看我們對聯合國際酒店的最新分析
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。聯合國際酒店集團的股息沒有很好地計入收益,因為該公司去年出現了虧損。這是一種不可持續的狀態,因此如果盈利有望復甦,將值得調查。考慮到最近的虧損,重要的是檢查企業是否產生了足夠的現金來支付股息。如果聯合國際酒店沒有產生足夠的現金來支付股息,那麼它肯定要麼是用銀行的現金支付的,要麼是通過借錢支付的,從長遠來看,這兩種方式都是不可持續的。去年,它支付了73%的自由現金流作為股息,這在大多數公司的通常範圍內。
單擊此處查看聯合國際酒店在過去12個月中支付了多少利潤。
聯交所:105歷史性紅利2022年12月7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。聯合國際酒店去年報告虧損,大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。
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,聯合國際酒店的股息平均每年下降9.1%,這並不是很好的情況。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。
請記住,您隨時可以通過查看我們對聯合國際酒店財務狀況的可視化了解其財務狀況的快照,點擊此處。
底線
從分紅的角度來看,投資者應該買入還是避開聯合國際酒店?人們很難習慣聯合國際酒店在過去一年報告虧損的情況下仍支付股息。然而,至少股息是由自由現金流支付的。從分紅的角度來看,這並不是一個有吸引力的組合,我們暫時傾向於不考慮這一點。
話雖如此,如果你在看這隻股票時並不太關心股息,你應該仍然熟悉聯合國際酒店所涉及的風險。為此,您應該瞭解2個警告標誌我們已經發現了聯合國際酒店(包括1家有點令人擔憂)。
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。