<p><strong>天诺克公司</strong> (TSE:1905) 宣布将于 6 月 30 日提高其定期股息至 22.00 日元，比去年相应的支付金额 19.00 日元高出 16%。这使得股息收益率大致与行业平均水平相当，约为 3.5%。</p>
<p>查看我们对天诺克的最新分析</p>
<h2>天诺克未来的股息预测似乎得到了盈利的良好支持</h2>
<p>除非支付是可持续的，否则股息收益率并没有太大意义。在发布此公告之前，天诺克的盈利足以覆盖股息。这意味着其大部分盈利被保留用于业务增长。</p>
<p>除非公司能够扭转局面，否则每股收益在未来一年可能会下降 4.0%。假设股息继续沿着近期趋势发展，我们认为支付比率可能为 41%，我们对此感到相当满意，并认为在盈利基础上是可行的。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/5577940-historic-dividend-1-dark/1741131311635?x-oss-process=image/auto-orient,1/interlace,1/resize,w_1440,h_1440/quality,q_95/format,jpg" alt="" original-src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/5577940-historic-dividend-1-dark/1741131311635"/></p>
<p>TSE:1905 历史股息 2025 年 3 月 4 日</p>
<h2>股息波动性</h2>
<p>该公司的股息历史标志着不稳定，过去 10 年中至少有一次削减。股息从 2015 年的年总额 12.00 日元增长到最近的年总支付 40.00 日元。这在此期间的年复合增长率（CAGR）约为 13%。尽管过去几年股息快速增长，但我们也看到支付有所下降，因此这让我们感到谨慎。</p>
<h2>股息增长可能难以实现</h2>
<p>在相对不稳定的股息情况下，更重要的是观察每股收益是否在增长。在过去五年中，天诺克的每股收益每年大约下降 4.0%。如果盈利继续下降，公司可能不得不做出减少股息甚至完全停止支付的艰难选择——这与股息增长正好相反。</p>
<h2>我们对天诺克股息的看法</h2>
<p>总之，尽管看到股息上升总是令人高兴，但我们认为天诺克的支付并不稳固。公司产生了大量现金，这可能在一段时间内维持股息，但其过往记录并不理想。我们对主要依赖这只股票获取股息收入持谨慎态度。</p>
<p>市场动向证明，稳定的股息政策相比于更不可预测的政策是多么受到重视。同时，尽管股息支付的重要性不言而喻，但在评估一家公司时，它们并不是我们读者应该了解的唯一因素。例如，我们已经识别出 <strong>天诺克的 3 个警告信号</strong>（其中 1 个是显著的！），在投资之前你应该注意。如果你是股息投资者，你可能还想查看我们 <strong>精心挑选的高收益股息股票列表。</strong></p>

1905

<p>Tenox Corporation（东京证券交易所代码：1905）将于 6 月 30 日将股息提高至 22.00 日元，比去年的 19.00 日元增长 16%，与行业平均收益率 3.5% 相符。尽管盈利足以覆盖股息，但由于预计明年的每股收益（EPS）可能下降 4.0%，因此引发了担忧。该公司的股息历史显示出不稳定，自 2015 年以来的年复合增长率为 13%，但近期出现了削减。由于潜在的盈利下降以及对 Tenox 识别出的三个重大警示信号，建议股息投资者保持谨慎</p>

<p><strong>Tenox Corporation</strong> (TSE:1905) has announced that it will be increasing its periodic dividend on the 30th of June to ¥22.00, which will be 16% higher than last year's comparable payment amount of ¥19.00. This makes the dividend yield about the same as the industry average at 3.5%.</p>
<div class="lb-trans"><p><strong>天诺克公司</strong> (TSE:1905) 宣布将于 6 月 30 日提高其定期股息至 22.00 日元，比去年相应的支付金额 19.00 日元高出 16%。这使得股息收益率大致与行业平均水平相当，约为 3.5%。</p>
</div><p>View our latest analysis for Tenox</p>
<div class="lb-trans"><p>查看我们对天诺克的最新分析</p>
</div><h2>Tenox's Future Dividend Projections Appear Well Covered By Earnings</h2>
<div class="lb-trans"><h2>天诺克未来的股息预测似乎得到了盈利的良好支持</h2>
</div><p>Unless the payments are sustainable, the dividend yield doesn't mean too much. Before making this announcement, Tenox was easily earning enough to cover the dividend. This means that most of its earnings are being retained to grow the business.</p>
<div class="lb-trans"><p>除非支付是可持续的，否则股息收益率并没有太大意义。在发布此公告之前，天诺克的盈利足以覆盖股息。这意味着其大部分盈利被保留用于业务增长。</p>
</div><p>Unless the company can turn things around, EPS could fall by 4.0% over the next year. Assuming the dividend continues along recent trends, we believe the payout ratio could be 41%, which we are pretty comfortable with and we think is feasible on an earnings basis.</p>
<div class="lb-trans"><p>除非公司能够扭转局面，否则每股收益在未来一年可能会下降 4.0%。假设股息继续沿着近期趋势发展，我们认为支付比率可能为 41%，我们对此感到相当满意，并认为在盈利基础上是可行的。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/5577940-historic-dividend-1-dark/1741131311635" alt="" original-src="https://images.simplywall.st/asset/chart/5577940-historic-dividend-1-dark/1741131311635"/></p>
<p>TSE:1905 Historic Dividend March 4th 2025</p>
<div class="lb-trans"><p>TSE:1905 历史股息 2025 年 3 月 4 日</p>
</div><h2>Dividend Volatility</h2>
<div class="lb-trans"><h2>股息波动性</h2>
</div><p>The company's dividend history has been marked by instability, with at least one cut in the last 10 years. The dividend has gone from an annual total of ¥12.00 in 2015 to the most recent total annual payment of ¥40.00. This works out to be a compound annual growth rate (CAGR) of approximately 13% a year over that time. Despite the rapid growth in the dividend over the past number of years, we have seen the payments go down the past as well, so that makes us cautious.</p>
<div class="lb-trans"><p>该公司的股息历史标志着不稳定，过去 10 年中至少有一次削减。股息从 2015 年的年总额 12.00 日元增长到最近的年总支付 40.00 日元。这在此期间的年复合增长率（CAGR）约为 13%。尽管过去几年股息快速增长，但我们也看到支付有所下降，因此这让我们感到谨慎。</p>
</div><h2>Dividend Growth May Be Hard To Achieve</h2>
<div class="lb-trans"><h2>股息增长可能难以实现</h2>
</div><p>With a relatively unstable dividend, it's even more important to see if earnings per share is growing. In the last five years, Tenox's earnings per share has shrunk at approximately 4.0% per annum. If earnings continue declining, the company may have to make the difficult choice of reducing the dividend or even stopping it completely - the opposite of dividend growth.</p>
<div class="lb-trans"><p>在相对不稳定的股息情况下，更重要的是观察每股收益是否在增长。在过去五年中，天诺克的每股收益每年大约下降 4.0%。如果盈利继续下降，公司可能不得不做出减少股息甚至完全停止支付的艰难选择——这与股息增长正好相反。</p>
</div><h2>Our Thoughts On Tenox's Dividend</h2>
<div class="lb-trans"><h2>我们对天诺克股息的看法</h2>
</div><p>In summary, while it's always good to see the dividend being raised, we don't think Tenox's payments are rock solid. The company is generating plenty of cash, which could maintain the dividend for a while, but the track record hasn't been great. We would be a touch cautious of relying on this stock primarily for the dividend income.</p>
<div class="lb-trans"><p>总之，尽管看到股息上升总是令人高兴，但我们认为天诺克的支付并不稳固。公司产生了大量现金，这可能在一段时间内维持股息，但其过往记录并不理想。我们对主要依赖这只股票获取股息收入持谨慎态度。</p>
</div><p>Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. For example, we've identified <strong>3 warning signs for Tenox</strong> (1 is significant!) that you should be aware of before investing. If you are a dividend investor, you might also want to look at our <strong>curated list of high yield dividend stocks.</strong></p>
<div class="lb-trans"><p>市场动向证明，稳定的股息政策相比于更不可预测的政策是多么受到重视。同时，尽管股息支付的重要性不言而喻，但在评估一家公司时，它们并不是我们读者应该了解的唯一因素。例如，我们已经识别出 <strong>天诺克的 3 个警告信号</strong>（其中 1 个是显著的！），在投资之前你应该注意。如果你是股息投资者，你可能还想查看我们 <strong>精心挑选的高收益股息股票列表。</strong></p>
</div>

Tenox (TSE:1905) 将支付比去年更高的股息，达到 22.00 日元