China Railway Harbin Group of Know-how Company (SHSE:688459) Goes Ex-Dividend Quickly

China Railway Harbin Group of Know-how Company (SHSE:688459) is about to commerce ex-dividend within the subsequent 3 days. The ex-dividend date is normally set to be one enterprise day earlier than the report date which is the closing date on which you have to be current on the corporate’s books as a shareholder with a view to obtain the dividend. The ex-dividend date is vital as the method of settlement entails two full enterprise days. So when you miss that date, you wouldn’t present up on the corporate’s books on the report date. Thus, you should buy China Railway Harbin Group of Know-how’s shares earlier than the twenty seventh of June with a view to obtain the dividend, which the corporate can pay on the twenty seventh of June.

The corporate’s subsequent dividend cost can be CN¥0.10 per share, and within the final 12 months, the corporate paid a complete of CN¥0.10 per share. Final 12 months’s whole dividend funds present that China Railway Harbin Group of Know-how has a trailing yield of 1.1% on the present share worth of CN¥8.70. We love seeing firms pay a dividend, however it’s additionally vital to make certain that laying the golden eggs is not going to kill our golden goose! Because of this, readers ought to all the time test whether or not China Railway Harbin Group of Know-how has been capable of develop its dividends, or if the dividend is perhaps minimize.

Try our newest evaluation for China Railway Harbin Group of Know-how

Dividends are sometimes paid from firm earnings. If an organization pays extra in dividends than it earned in revenue, then the dividend could possibly be unsustainable. China Railway Harbin Group of Know-how paid out a snug 42% of its revenue final 12 months. But money flows are much more vital than earnings for assessing a dividend, so we have to see if the corporate generated sufficient money to pay its distribution. Happily, it paid out solely 44% of its free money movement prior to now 12 months.

It is optimistic to see that China Railway Harbin Group of Know-how’s dividend is roofed by each earnings and money movement, since that is usually an indication that the dividend is sustainable, and a decrease payout ratio normally suggests a better margin of security earlier than the dividend will get minimize.

Click on right here to see how a lot of its revenue China Railway Harbin Group of Know-how paid out over the past 12 months.

historic-dividend
SHSE:688459 Historic Dividend June twenty third 2024

Have Earnings And Dividends Been Rising?

Companies with shrinking earnings are tough from a dividend perspective. If earnings fall far sufficient, the corporate could possibly be pressured to chop its dividend. China Railway Harbin Group of Know-how’s earnings per share have fallen at roughly 16% a 12 months over the earlier 5 years. Such a pointy decline casts doubt on the longer term sustainability of the dividend.

Sadly China Railway Harbin Group of Know-how has solely been paying a dividend for a 12 months or so, so there’s not a lot of a historical past to attract perception from.

The Backside Line

Ought to traders purchase China Railway Harbin Group of Know-how for the upcoming dividend? China Railway Harbin Group of Know-how has comfortably low money and revenue payout ratios, which can imply the dividend is sustainable even within the face of a pointy decline in earnings per share. Nonetheless, we contemplate declining earnings to be a warning signal. General, it is arduous to get enthusiastic about China Railway Harbin Group of Know-how from a dividend perspective.

With that in thoughts, a vital a part of thorough inventory analysis is being conscious of any dangers that inventory at the moment faces. To assist with this, we have found 1 warning signal for China Railway Harbin Group of Know-how that you ought to be conscious of earlier than investing of their shares.

A standard investing mistake is shopping for the primary fascinating inventory you see. Right here you could find a full checklist of high-yield dividend shares.

Valuation is complicated, however we’re serving to make it easy.

Discover out whether or not China Railway Harbin Group of Know-how is probably over or undervalued by trying out our complete evaluation, which incorporates truthful worth estimates, dangers and warnings, dividends, insider transactions and monetary well being.

View the Free Evaluation

Have suggestions on this text? Involved concerning the content material? Get in contact with us immediately. Alternatively, e-mail editorial-team (at) simplywallst.com.

This text by Merely Wall St is common in nature. We offer commentary based mostly on historic knowledge and analyst forecasts solely utilizing an unbiased methodology and our articles aren’t supposed to be monetary recommendation. It doesn’t represent a advice to purchase or promote any inventory, and doesn’t take account of your targets, or your monetary scenario. We intention to convey you long-term targeted evaluation pushed by basic knowledge. Word that our evaluation might not issue within the newest price-sensitive firm bulletins or qualitative materials. Merely Wall St has no place in any shares talked about.

Valuation is complicated, however we’re serving to make it easy.

Discover out whether or not China Railway Harbin Group of Know-how is probably over or undervalued by trying out our complete evaluation, which incorporates truthful worth estimates, dangers and warnings, dividends, insider transactions and monetary well being.

View the Free Evaluation

Have suggestions on this text? Involved concerning the content material? Get in contact with us immediately. Alternatively, e-mail editorial-team@simplywallst.com

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