<p><strong>禧玛诺公司</strong> (TSE:7309) 宣布将于 3 月 30 日支付每股¥169.50 的股息。这将使股息收益率达到吸引人的 2.1%，为股东回报提供了良好的提升。</p>
<p>人工智能即将改变医疗保健。这 20 只股票正在从早期诊断到药物发现等各个方面进行工作。最棒的是——它们的市值都在 100 亿美元以下——现在仍然有机会提前入场。</p>
<h2>禧玛诺的预计收益似乎足以覆盖未来的分配</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，那就无所谓。在发布这一公告之前，禧玛诺支付了相当大比例的收益和现金流，股息占现金流的 152%。支付如此高比例的现金流可能会使企业在面临挑战时需要削减股息。</p>
<p>预计每股收益将在未来一年内增长 24.9%。假设股息继续沿着近期趋势发展，我们的估计显示支付比率可能达到 84%——虽然偏高，但我们并不一定认为这不可持续。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/878671-historic-dividend-1-dark-2/1758501392324?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/878671-historic-dividend-1-dark-2/1758501392324"/></p>
<p>TSE:7309 历史股息 2025 年 9 月 22 日</p>
<p>查看我们对禧玛诺的最新分析</p>
<h2>禧玛诺有着良好的业绩记录</h2>
<p>该公司已经支付股息很长时间，并且相当稳定，这让我们对未来的股息潜力充满信心。自 2015 年以来，股息从每年总计¥105.00 增长到¥339.00。这意味着公司在此期间以约 12% 的年率增长其分配。看到股息有强劲增长，并且很长时间没有削减，真是令人欣慰。</p>
<h2>股息增长可能难以实现</h2>
<p>过去几年持有该公司股票的投资者会对他们所获得的股息收入感到满意。不幸的是，情况并不像看起来那么好。禧玛诺的每股收益在过去五年中每年下降 7.8%。收益的适度下降并不好，这使得未来股息增长的可能性相当小，除非这一趋势能够逆转。预计未来一年收益将增长，但在建立收益增长的记录之前，我们仍然保持谨慎。</p>
<h2>禧玛诺的股息看起来不可持续</h2>
<p>总体而言，我们总是希望看到股息的提高，但我们认为禧玛诺不会成为一个优秀的收入股票。我们不能否认支付非常稳定，但我们对非常高的支付比率有些担忧。总体而言，我们认为这家公司并不具备成为优秀收入股票的潜力。</p>
<p>值得注意的是，拥有一致股息政策的公司将比那些不稳定的公司产生更大的投资者信心。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，它们并不是我们读者应该了解的唯一因素。举个例子：我们发现了 <strong>禧玛诺的 3 个警告信号</strong>（其中 1 个让我们有些不安！）你应该知道。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清单。</strong></p>

禧玛诺(ADR)

<p>Shimano Inc.（东京证券交易所代码：7309）宣布每股派息 169.50 日元，收益率为 2.1%，将于 3 月 30 日支付。尽管公司有稳定的分红历史，但由于派息比率较高，分红占现金流的 152%，引发了担忧。预计明年的每股收益将增长 24.9%，但过去收益的下降引发了可持续性的问题。虽然公司有良好的业绩记录，但高派息比率和近期收益的下降对分红投资者来说建议保持谨慎</p>

<p><strong>Shimano Inc.</strong> (TSE:7309) has announced that it will pay a dividend of ¥169.50 per share on the 30th of March. This will take the dividend yield to an attractive 2.1%, providing a nice boost to shareholder returns.</p>
<div class="lb-trans"><p><strong>禧玛诺公司</strong> (TSE:7309) 宣布将于 3 月 30 日支付每股¥169.50 的股息。这将使股息收益率达到吸引人的 2.1%，为股东回报提供了良好的提升。</p>
</div><p>AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.</p>
<div class="lb-trans"><p>人工智能即将改变医疗保健。这 20 只股票正在从早期诊断到药物发现等各个方面进行工作。最棒的是——它们的市值都在 100 亿美元以下——现在仍然有机会提前入场。</p>
</div><h2>Shimano's Projected Earnings Seem Likely To Cover Future Distributions</h2>
<div class="lb-trans"><h2>禧玛诺的预计收益似乎足以覆盖未来的分配</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, Shimano was paying out quite a large proportion of both earnings and cash flow, with the dividend being 152% of cash flows. Paying out such a high proportion of cash flows can expose the business to needing to cut the dividend if the business runs into some challenges.</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，那就无所谓。在发布这一公告之前，禧玛诺支付了相当大比例的收益和现金流，股息占现金流的 152%。支付如此高比例的现金流可能会使企业在面临挑战时需要削减股息。</p>
</div><p>Earnings per share is forecast to rise by 24.9% over the next year. Assuming the dividend continues along recent trends, our estimates say the payout ratio could reach 84% - on the higher side, but we wouldn't necessarily say this is unsustainable.</p>
<div class="lb-trans"><p>预计每股收益将在未来一年内增长 24.9%。假设股息继续沿着近期趋势发展，我们的估计显示支付比率可能达到 84%——虽然偏高，但我们并不一定认为这不可持续。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/878671-historic-dividend-1-dark-2/1758501392324" alt="" original-src="https://images.simplywall.st/asset/chart/878671-historic-dividend-1-dark-2/1758501392324"/></p>
<p>TSE:7309 Historic Dividend September 22nd 2025</p>
<div class="lb-trans"><p>TSE:7309 历史股息 2025 年 9 月 22 日</p>
</div><p>Check out our latest analysis for Shimano</p>
<div class="lb-trans"><p>查看我们对禧玛诺的最新分析</p>
</div><h2>Shimano Has A Solid Track Record</h2>
<div class="lb-trans"><h2>禧玛诺有着良好的业绩记录</h2>
</div><p>The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. Since 2015, the dividend has gone from ¥105.00 total annually to ¥339.00. This implies that the company grew its distributions at a yearly rate of about 12% over that duration. It is good to see that there has been strong dividend growth, and that there haven't been any cuts for a long time.</p>
<div class="lb-trans"><p>该公司已经支付股息很长时间，并且相当稳定，这让我们对未来的股息潜力充满信心。自 2015 年以来，股息从每年总计¥105.00 增长到¥339.00。这意味着公司在此期间以约 12% 的年率增长其分配。看到股息有强劲增长，并且很长时间没有削减，真是令人欣慰。</p>
</div><h2>Dividend Growth May Be Hard To Come By</h2>
<div class="lb-trans"><h2>股息增长可能难以实现</h2>
</div><p>Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. Unfortunately things aren't as good as they seem. Shimano has seen earnings per share falling at 7.8% per year over the last five years. A modest decline in earnings isn't great, and it makes it quite unlikely that the dividend will grow in the future unless that trend can be reversed. Earnings are predicted to grow over the next year, but we would remain cautious until a track record of earnings growth is established.</p>
<div class="lb-trans"><p>过去几年持有该公司股票的投资者会对他们所获得的股息收入感到满意。不幸的是，情况并不像看起来那么好。禧玛诺的每股收益在过去五年中每年下降 7.8%。收益的适度下降并不好，这使得未来股息增长的可能性相当小，除非这一趋势能够逆转。预计未来一年收益将增长，但在建立收益增长的记录之前，我们仍然保持谨慎。</p>
</div><h2>Shimano's Dividend Doesn't Look Sustainable</h2>
<div class="lb-trans"><h2>禧玛诺的股息看起来不可持续</h2>
</div><p>Overall, we always like to see the dividend being raised, but we don't think Shimano will make a great income stock. We can't deny that the payments have been very stable, but we are a little bit worried about the very high payout ratio. Overall, we don't think this company has the makings of a good income stock.</p>
<div class="lb-trans"><p>总体而言，我们总是希望看到股息的提高，但我们认为禧玛诺不会成为一个优秀的收入股票。我们不能否认支付非常稳定，但我们对非常高的支付比率有些担忧。总体而言，我们认为这家公司并不具备成为优秀收入股票的潜力。</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. Case in point: We've spotted <strong>3 warning signs for Shimano</strong> (of which 1 makes us a bit uncomfortable!) you should know about. 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>值得注意的是，拥有一致股息政策的公司将比那些不稳定的公司产生更大的投资者信心。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，它们并不是我们读者应该了解的唯一因素。举个例子：我们发现了 <strong>禧玛诺的 3 个警告信号</strong>（其中 1 个让我们有些不安！）你应该知道。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清单。</strong></p>
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禧玛诺（东京证券交易所代码：7309）宣布将派发每股 169.50 日元的股息