Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see ASMPT Limited (HKG:522) is about to trade ex-dividend in the next three 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 of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Therefore, if you purchase ASMPT's shares on or after the 12th of August, you won't be eligible to receive the dividend, when it is paid on the 31st of August.
The company's next dividend payment will be HK$1.30 per share, on the back of last year when the company paid a total of HK$3.90 to shareholders. Calculating the last year's worth of payments shows that ASMPT has a trailing yield of 5.8% on the current share price of HK$66.85. If you buy this business for its dividend, you should have an idea of whether ASMPT's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing.
See our latest analysis for ASMPT
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. Fortunately ASMPT's payout ratio is modest, at just 44% of profit. A useful secondary check can be to evaluate whether ASMPT generated enough free cash flow to afford its dividend. Dividends consumed 62% of the company's free cash flow last year, which is within a normal range for most dividend-paying organisations.
It's positive to see that ASMPT'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 the company's payout ratio, plus analyst estimates of its future dividends.
SEHK:522 Historic Dividend August 8th 2022
Have Earnings And Dividends Been Growing?
Stocks in companies that generate sustainable earnings growth often make the best dividend prospects, as it is easier to lift the dividend when earnings are rising. If earnings fall far enough, the company could be forced to cut its dividend. For this reason, we're glad to see ASMPT's earnings per share have risen 20% per annum over the last five years. ASMPT is paying out a bit over half its earnings, which suggests the company is striking a balance between reinvesting in growth, and paying dividends. This is a reasonable combination that could hint at some further dividend increases in the future.
Many investors will assess a company's dividend performance by evaluating how much the dividend payments have changed over time. In the last 10 years, ASMPT has lifted its dividend by approximately 5.0% a year on average. Earnings per share have been growing much quicker than dividends, potentially because ASMPT is keeping back more of its profits to grow the business.
To Sum It Up
Is ASMPT worth buying for its dividend? Earnings per share have grown at a nice rate in recent times and over the last year, ASMPT paid out less than half its earnings and a bit over half its free cash flow. Overall we think this is an attractive combination and worthy of further research.
So while ASMPT looks good from a dividend perspective, it's always worthwhile being up to date with the risks involved in this stock. For instance, we've identified 2 warning signs for ASMPT (1 is potentially serious) you should be aware of.
If you're in the market for strong dividend payers, we recommend checking our selection of top 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.
普通读者会知道我们喜欢 Simply Wall St 的分红,这就是为什么看到它令人兴奋的原因 ASMPT 有限公司 (HKG: 522) 将在未来三天内进行除息交易。除息日通常设置为记录日期之前的一个工作日,即您必须作为股东出现在公司账簿上才能获得股息的截止日期。除息日之所以重要,是因为每当买入或卖出股票时,交易至少需要两个工作日才能结算。因此,如果您在8月12日当天或之后购买ASMPT的股票,则在8月31日支付股息时,您将没有资格获得股息。
该公司的下一次股息将为每股1.30港元,这与去年该公司向股东共支付了3.90港元的基础上。计算去年的付款价值表明,与当前的66.85港元相比,ASMPT的追踪收益率为5.8%。如果你收购这家企业以获得分红,你应该知道ASMPT的股息是否可靠和可持续。我们需要看看股息是否由收益支付,以及股息是否在增长。
查看我们对 ASMPT 的最新分析
股息通常从公司收益中支付。如果一家公司支付的股息多于赚取的利润,那么股息可能是不可持续的。幸运的是,ASMPT的派息率不高,仅为利润的44%。一项有用的辅助支票可能是评估ASMPT是否产生了足够的自由现金流来支付股息。去年,股息消耗了公司自由现金流的62%,对于大多数支付股息的组织来说,这在正常范围内。
看到ASMPT的股息由利润和现金流共同承担,这是积极的,因为这通常表明股息是可持续的,而较低的派息率通常表明在削减股息之前有更大的安全余地。
点击此处查看该公司的派息率,以及分析师对其未来股息的估计。
SEHK: 522 历史股息 2022 年 8 月 8 日
收益和股息一直在增长吗?
实现可持续收益增长的公司的股票通常是最佳的股息前景,因为在收益上升时更容易提高股息。如果收益下降得足够多,该公司可能被迫削减股息。出于这个原因,我们很高兴看到ASMPT的每股收益在过去五年中每年增长20%。ASMPT支付的收益略高于一半,这表明该公司正在对增长进行再投资和支付股息之间取得平衡。这是一个合理的组合,可能暗示未来股息会进一步增加。
许多投资者会通过评估一段时间内股息支付的变化来评估公司的股息表现。在过去的10年中,ASMPT平均每年将其股息提高约5.0%。每股收益的增长速度比股息快得多,这可能是因为ASMPT为了发展业务而保留了更多的利润。
总结一下
ASMPT 值得买入以换取股息吗?最近,每股收益以不错的速度增长,在过去的一年中,ASMPT支付的收益不到一半,自由现金流略高于一半。总的来说,我们认为这是一个有吸引力的组合,值得进一步研究。
因此,尽管从股息的角度来看,ASMPT看起来不错,但了解该股所涉及的最新风险总是值得的。例如,我们已经确定了 ASMPT 的 2 个警告标志 (1 可能很严重)你应该注意。
如果您在市场上寻找实力雄厚的股息支付者,我们建议 查看我们精选的顶级股息股票。
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Simply Wall St 的这篇文章本质上是一般性的。 我们仅使用不偏不倚的方法根据历史数据和分析师预测提供评论,我们的文章并非旨在提供财务建议。 它不构成买入或卖出任何股票的建议,也没有考虑您的目标或财务状况。我们的目标是为您提供由基本面数据驱动的长期重点分析。请注意,我们的分析可能未将最新的价格敏感型公司公告或定性材料考虑在内。简而言之,华尔街对上述任何股票都没有头寸。