<p><strong>永电工业株式会社</strong> (TSE:1939) 宣布将于 12 月 1 日支付每股¥32.00 的股息，较去年同期的股息有所减少。该股息收益率仍高于行业平均水平，达到 4.8%。</p>
<p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
<h2>永电的未来股息预测似乎得到了盈利的良好支持</h2>
<p>我们喜欢看到稳健的股息收益率，但如果支付不可持续，这就没有意义。在发布此公告之前，永电的盈利足以覆盖股息，但并未产生任何自由现金流。没有现金流肯定会使向股东返还现金变得困难，或者至少意味着资产负债表将面临压力。</p>
<p>展望未来，如果过去几年的趋势持续，预计每股收益将在明年增长 14.3%。如果股息继续沿着近期趋势发展，我们估计支付比率将为 66%，这在我们认为股息可持续的范围内。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/880757-historic-dividend-1-dark-2/1754533807102?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/880757-historic-dividend-1-dark-2/1754533807102"/></p>
<p>TSE:1939 历史股息 2025 年 8 月 7 日</p>
<p>查看我们对永电的最新分析</p>
<h2>股息波动性</h2>
<p>该公司有着悠久的股息记录，但过去的削减使得情况并不理想。股息从 2015 年的年总额¥8.33 增长到最近的年总支付¥65.00。这意味着公司在此期间的分配年增长率约为 23%。尽管股息在这段时间内快速增长，但由于过去的削减，我们不确定这只股票在未来是否会成为可靠的收入来源。</p>
<h2>股息看起来可能会增长</h2>
<p>鉴于过去曾削减股息，我们需要检查盈利是否在增长，以及这是否可能导致未来更强的股息。永电的每股收益在过去五年中以每年 14% 的速度增长。该公司将大量现金作为股息支付，但根据支付比率来看，情况似乎还不错。</p>
<h2>我们对永电股息的看法</h2>
<p>总体而言，看到股息被削减并不理想，但这可能是由于之前的支付略高。虽然低支付比率是一个值得肯定的特点，但这被覆盖支付的现金极少所抵消。该公司并不在提供收入的股票的顶级行列。</p>
<p>需要注意的是，拥有一致股息政策的公司将比那些不稳定的公司更能获得投资者的信心。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，这并不是我们读者需要了解的唯一因素。例如，我们已经识别出 <strong>永电的 1 个警示信号</strong>，在投资前你应该了解。永电是否不是你所寻找的机会？为什么不查看我们 <strong>精选的顶级股息股票</strong> 呢？</p>

1939

<p>永电工株式会社 (TSE:1939) 将于 12 月 1 日支付减少至 32.00 日元的股息，低于去年的支付水平。尽管有所削减，但其收益率仍高于行业平均水平，达到 4.8%。该公司有股息波动的历史，曾多次削减股息，但预计明年的每股收益将增长 14.3%。预计派息比率为 66%，表明潜在的可持续性。然而，由于现金流较少，仍然存在担忧，使得永电工作为股息股票的可靠性降低</p>

<p><strong>Yondenko Corporation</strong> (TSE:1939) has announced that on 1st of December, it will be paying a dividend of¥32.00, which a reduction from last year's comparable dividend. The yield is still above the industry average at 4.8%.</p>
<div class="lb-trans"><p><strong>永电工业株式会社</strong> (TSE:1939) 宣布将于 12 月 1 日支付每股¥32.00 的股息，较去年同期的股息有所减少。该股息收益率仍高于行业平均水平，达到 4.8%。</p>
</div><p>This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.</p>
<div class="lb-trans"><p>这项技术可能会取代计算机：发现 20 只正在努力使量子计算成为现实的股票。</p>
</div><h2>Yondenko's Future Dividend Projections Appear Well Covered By Earnings</h2>
<div class="lb-trans"><h2>永电的未来股息预测似乎得到了盈利的良好支持</h2>
</div><p>We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Before making this announcement, Yondenko was earning enough to cover the dividend, but it wasn't generating any free cash flows. No cash flows could definitely make returning cash to shareholders difficult, or at least mean the balance sheet will come under pressure.</p>
<div class="lb-trans"><p>我们喜欢看到稳健的股息收益率，但如果支付不可持续，这就没有意义。在发布此公告之前，永电的盈利足以覆盖股息，但并未产生任何自由现金流。没有现金流肯定会使向股东返还现金变得困难，或者至少意味着资产负债表将面临压力。</p>
</div><p>Looking forward, earnings per share could rise by 14.3% over the next year if the trend from the last few years continues. If the dividend continues along recent trends, we estimate the payout ratio will be 66%, which is in the range that makes us comfortable with the sustainability of the dividend.</p>
<div class="lb-trans"><p>展望未来，如果过去几年的趋势持续，预计每股收益将在明年增长 14.3%。如果股息继续沿着近期趋势发展，我们估计支付比率将为 66%，这在我们认为股息可持续的范围内。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/880757-historic-dividend-1-dark-2/1754533807102" alt="" original-src="https://images.simplywall.st/asset/chart/880757-historic-dividend-1-dark-2/1754533807102"/></p>
<p>TSE:1939 Historic Dividend August 7th 2025</p>
<div class="lb-trans"><p>TSE:1939 历史股息 2025 年 8 月 7 日</p>
</div><p>See our latest analysis for Yondenko</p>
<div class="lb-trans"><p>查看我们对永电的最新分析</p>
</div><h2>Dividend Volatility</h2>
<div class="lb-trans"><h2>股息波动性</h2>
</div><p>The company has a long dividend track record, but it doesn't look great with cuts in the past. The dividend has gone from an annual total of ¥8.33 in 2015 to the most recent total annual payment of ¥65.00. This implies that the company grew its distributions at a yearly rate of about 23% over that duration. Dividends have grown rapidly over this time, but with cuts in the past we are not certain that this stock will be a reliable source of income in the future.</p>
<div class="lb-trans"><p>该公司有着悠久的股息记录，但过去的削减使得情况并不理想。股息从 2015 年的年总额¥8.33 增长到最近的年总支付¥65.00。这意味着公司在此期间的分配年增长率约为 23%。尽管股息在这段时间内快速增长，但由于过去的削减，我们不确定这只股票在未来是否会成为可靠的收入来源。</p>
</div><h2>The Dividend Looks Likely To Grow</h2>
<div class="lb-trans"><h2>股息看起来可能会增长</h2>
</div><p>Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. Yondenko has seen EPS rising for the last five years, at 14% per annum. The company is paying out a lot of its cash as a dividend, but it looks okay based on the payout ratio.</p>
<div class="lb-trans"><p>鉴于过去曾削减股息，我们需要检查盈利是否在增长，以及这是否可能导致未来更强的股息。永电的每股收益在过去五年中以每年 14% 的速度增长。该公司将大量现金作为股息支付，但根据支付比率来看，情况似乎还不错。</p>
</div><h2>Our Thoughts On Yondenko's Dividend</h2>
<div class="lb-trans"><h2>我们对永电股息的看法</h2>
</div><p>Overall, it's not great to see that the dividend has been cut, but this might be explained by the payments being a bit high previously. While the low payout ratio is a redeeming feature, this is offset by the minimal cash to cover the payments. This company is not in the top tier of income providing stocks.</p>
<div class="lb-trans"><p>总体而言，看到股息被削减并不理想，但这可能是由于之前的支付略高。虽然低支付比率是一个值得肯定的特点，但这被覆盖支付的现金极少所抵消。该公司并不在提供收入的股票的顶级行列。</p>
</div><p>It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. As an example, we've identified <strong>1 warning sign for Yondenko</strong> that you should be aware of before investing. Is Yondenko not quite the opportunity you were looking for? Why not check out our <strong>selection of top dividend stocks.</strong></p>
<div class="lb-trans"><p>需要注意的是，拥有一致股息政策的公司将比那些不稳定的公司更能获得投资者的信心。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，这并不是我们读者需要了解的唯一因素。例如，我们已经识别出 <strong>永电的 1 个警示信号</strong>，在投资前你应该了解。永电是否不是你所寻找的机会？为什么不查看我们 <strong>精选的顶级股息股票</strong> 呢？</p>
</div>

Yondenko（东京证券交易所代码：1939）今年将支付比去年更少的股息