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Don't Race Out To Buy Kimberly-Clark Corporation (NYSE:KMB) Just Because It's Going Ex-Dividend

Don't Race Out To Buy Kimberly-Clark Corporation (NYSE:KMB) Just Because It's Going Ex-Dividend

不要僅僅因爲要除息就競相收購金伯利-克拉克公司(紐約證券交易所代碼:KMB)
Simply Wall St ·  2023/12/02 07:11

Kimberly-Clark Corporation (NYSE:KMB) is about to trade ex-dividend in the next 4 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a 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 Kimberly-Clark's shares before the 7th of December in order to receive the dividend, which the company will pay on the 3rd of January.

金伯利克拉克公司(紐約證券交易所代碼:KMB)將在未來4天內進行除息交易。除息日是公司記錄日期之前的一個工作日,即公司決定哪些股東有權獲得股息的日期。除息日很重要,因爲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,您可以在12月7日之前購買Kimberly-Clark的股票以獲得股息,該公司將在1月3日支付股息。

The company's upcoming dividend is US$1.18 a share, following on from the last 12 months, when the company distributed a total of US$4.72 per share to shareholders. Based on the last year's worth of payments, Kimberly-Clark stock has a trailing yield of around 3.8% on the current share price of $124.04. If you buy this business for its dividend, you should have an idea of whether Kimberly-Clark'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.

該公司即將派發的股息爲每股1.18美元,這是繼過去12個月之後,該公司向股東共派發了每股4.72美元的股息。根據去年的付款額,金伯利-克拉克股票的落後收益率約爲3.8%,而目前的股價爲124.04美元。如果你爲了分紅而收購這家企業,你應該知道金伯利的股息是否可靠和可持續。這就是爲什麼我們應該始終檢查股息支付是否可持續,以及公司是否在增長。

View our latest analysis for Kimberly-Clark

查看我們對 Kimberly-Clark 的最新分析

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. Last year, Kimberly-Clark paid out 90% of its income as dividends, which is above a level that we're comfortable with, especially if the company needs to reinvest in its business. Yet cash flow is typically more important than profit for assessing dividend sustainability, so we should always check if the company generated enough cash to afford its dividend. It paid out more than half (61%) of its free cash flow in the past year, which is within an average range for most companies.

股息通常由公司利潤支付,因此,如果公司支付的股息超過其收入,則其股息被削減的風險通常更大。去年,Kimberly-Clark將其收入的90%作爲股息支付,這高於我們所滿意的水平,尤其是在公司需要對其業務進行再投資的情況下。然而,在評估股息可持續性方面,現金流通常比利潤更重要,因此我們應始終檢查公司是否產生了足夠的現金來支付股息。在過去的一年中,它支付了自由現金流的一半以上(61%),這在大多數公司的平均範圍內。

It's good to see that while Kimberly-Clark's dividends were not well covered by profits, at least they are affordable from a cash perspective. Still, if the company continues paying out such a high percentage of its profits, the dividend could be at risk if business turns sour.

很高興看到,儘管金伯利-克拉克的股息沒有被利潤充分支付,但至少從現金角度來看,它們是可以負擔得起的。儘管如此,如果該公司繼續支付如此高的利潤比例,那麼如果業務惡化,股息可能會面臨風險。

Click here to see the company's payout ratio, plus analyst estimates of its future dividends.

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。

historic-dividend
NYSE:KMB Historic Dividend December 2nd 2023
紐約證券交易所:KMB 2023 年 12 月 2 日曆史股息

Have Earnings And Dividends Been Growing?

收益和股息一直在增長嗎?

Businesses with shrinking earnings are tricky from a dividend perspective. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. So we're not too excited that Kimberly-Clark's earnings are down 4.1% a year over the past five years.

從股息的角度來看,收益萎縮的企業很棘手。如果收益下降而公司被迫削減股息,投資者可能會看到他們的投資價值化爲烏有。因此,我們對金伯利-克拉克的收益在過去五年中每年下降4.1%並不感到興奮。

Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Kimberly-Clark has delivered 3.8% dividend growth per year on average over the past 10 years. The only way to pay higher dividends when earnings are shrinking is either to pay out a larger percentage of profits, spend cash from the balance sheet, or borrow the money. Kimberly-Clark is already paying out a high percentage of its income, so without earnings growth, we're doubtful of whether this dividend will grow much in the future.

衡量公司股息前景的另一種關鍵方法是衡量其歷史股息增長率。在過去的10年中,金伯利克拉克的股息平均每年增長3.8%。當收益萎縮時,支付更高股息的唯一方法是支付更大比例的利潤,花掉資產負債表中的現金,或者借錢。Kimberly-Clark已經支付了很高比例的收入,因此,如果沒有收益增長,我們懷疑該股息將來是否會大幅增長。

To Sum It Up

總結一下

From a dividend perspective, should investors buy or avoid Kimberly-Clark? It's never fun to see a company's earnings per share in retreat. Additionally, Kimberly-Clark is paying out quite a high percentage of its earnings, and more than half its cash flow, so it's hard to evaluate whether the company is reinvesting enough in its business to improve its situation. Bottom line: Kimberly-Clark has some unfortunate characteristics that we think could lead to sub-optimal outcomes for dividend investors.

從股息的角度來看,投資者應該買入還是避開金伯利-克拉克?看到一家公司的每股收益回落從來都不是一件好玩的事。此外,金伯利-克拉克支付的收益比例相當高,現金流超過一半,因此很難評估該公司對其業務的再投資是否足以改善其狀況。底線:金伯利-克拉克有一些不幸的特徵,我們認爲這些特徵可能會給股息投資者帶來次優的結果。

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 Kimberly-Clark. For example - Kimberly-Clark has 3 warning signs we think you should be aware of.

話雖如此,如果你在看這隻股票時對股息不太擔心,那麼你仍然應該熟悉金伯利-克拉克所涉及的風險。例如-金伯利-克拉克有 3 個警告信號,我們認爲你應該注意。

A common investing mistake is buying the first interesting stock you see. Here you can find a full list of high-yield dividend stocks.

一個常見的投資錯誤是買入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票的完整清單。

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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.

對這篇文章有反饋嗎?對內容感到擔憂?直接聯繫我們。 或者,給編輯團隊 (at) simplywallst.com 發送電子郵件。
Simply Wall St的這篇文章本質上是籠統的。我們僅使用公正的方法根據歷史數據和分析師的預測提供評論,我們的文章無意作爲財務建議。它不構成買入或賣出任何股票的建議,也沒有考慮到您的目標或財務狀況。我們的目標是爲您提供由基本數據驅動的長期重點分析。請注意,我們的分析可能不考慮最新的價格敏感型公司公告或定性材料。簡而言之,華爾街沒有持有任何上述股票的頭寸。

声明:本內容僅用作提供資訊及教育之目的,不構成對任何特定投資或投資策略的推薦或認可。 更多信息
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