<p>常规读者会知道，我们在 Simply Wall St 非常喜欢股息，因此看到 <strong>清水建设公司</strong>（TSE:1803）将在接下来的 3 天内除息，令人兴奋。除息日通常发生在记录日的前两天，记录日是股东需要在公司账簿上以便获得股息的那一天。除息日很重要，因为每当股票被买入或卖出时，交易可能需要两个工作日或更长时间才能结算。这意味着在 9 月 29 日或之后购买清水的股票的投资者将无法获得将在 12 月 3 日支付的股息。</p>
<p>该公司的下一次股息支付将为每股 JP¥22.00。去年，该公司总共向股东分配了 JP¥44.00。根据去年的支付情况，清水的当前股价为 JP¥2114.00，股息收益率为 2.1%。如果您购买这家公司的股票是为了股息，您应该了解清水的股息是否可靠和可持续。因此，读者应该始终检查清水是否能够增加其股息，或者股息是否可能被削减。</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>
<p>股息通常是从公司收入中支付的，因此如果一家公司支付的股息超过其收入，其股息通常面临更高的削减风险。幸运的是，清水的派息比率适中，仅为利润的 35%。尽管如此，即使是盈利能力强的公司，有时也可能无法产生足够的现金来支付股息，这就是为什么我们应该始终检查股息是否由现金流覆盖的原因。幸运的是，去年它仅支付了 13% 的自由现金流。</p>
<p>看到股息由利润和现金流覆盖令人鼓舞。这通常表明股息是可持续的，只要收益没有急剧下降。</p>
<p>查看我们对清水的最新分析</p>
<p>点击这里查看公司的派息比率，以及分析师对其未来股息的估计。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/875399-historic-dividend-1-dark-2/1758766416806?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/875399-historic-dividend-1-dark-2/1758766416806"/></p>
<p>TSE:1803 历史股息 2025 年 9 月 25 日</p>
<h2>收益和股息是否在增长？</h2>
<p>从股息的角度来看，收益下降的企业是棘手的。投资者喜欢股息，因此如果收益下降而股息减少，预计股票会同时被大量抛售。这就是为什么看到清水的每股收益在过去五年中每年下降 3.0% 并不理想。</p>
<p>大多数投资者评估公司股息前景的主要方式是检查历史股息增长率。自我们数据开始以来，清水的股息平均每年增长约 20%。</p>
<h2>总结</h2>
<p>清水值得为了股息而购买吗？每股收益显著下降，尽管至少该公司支付的收益和现金流的比例较低且保守。看到收益下降并不理想，但至少在股息需要被削减之前可能还有一些缓冲。总体而言，这并不是一个糟糕的组合，但我们认为可能还有更具吸引力的股息前景。</p>
<p>鉴于此，虽然清水的股息吸引人，但了解这只股票所涉及的风险是值得的。我们的分析显示 <strong>清水有 2 个警告信号</strong>，在购买任何股票之前，您应该了解这些信号。</p>
<p>通常，我们不会建议您仅仅购买您看到的第一只股息股票。这里有 <strong>一份精选的强股息支付股票清单。</strong></p>

1803

<p>清水建设株式会社（TSE:1803）将在 3 天后除息，12 月 3 日每股派发股息为 22 日元。根据去年的总分配 44 日元，该公司的 trailing yield 为 2.1%。清水的派息比率为利润的 35% 和自由现金流的 13%，这表明股息是可持续的。然而，过去五年每股收益年均下降 3.0%，引发了对未来股息稳定性的担忧。投资者在购买股票之前应注意潜在风险</p>

<p>Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see <strong>Shimizu Corporation</strong> (TSE:1803) is about to trade ex-dividend in the next 3 days. The ex-dividend date generally occurs two days before the record date, which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade can take two business days or more to settle. This means that investors who purchase Shimizu's shares on or after the 29th of September will not receive the dividend, which will be paid on the 3rd of December.</p>
<div class="lb-trans"><p>常规读者会知道，我们在 Simply Wall St 非常喜欢股息，因此看到 <strong>清水建设公司</strong>（TSE:1803）将在接下来的 3 天内除息，令人兴奋。除息日通常发生在记录日的前两天，记录日是股东需要在公司账簿上以便获得股息的那一天。除息日很重要，因为每当股票被买入或卖出时，交易可能需要两个工作日或更长时间才能结算。这意味着在 9 月 29 日或之后购买清水的股票的投资者将无法获得将在 12 月 3 日支付的股息。</p>
</div><p>The company's next dividend payment will be JP¥22.00 per share. Last year, in total, the company distributed JP¥44.00 to shareholders. Based on the last year's worth of payments, Shimizu has a trailing yield of 2.1% on the current stock price of JP¥2114.00. If you buy this business for its dividend, you should have an idea of whether Shimizu's dividend is reliable and sustainable. As a result, readers should always check whether Shimizu has been able to grow its dividends, or if the dividend might be cut.</p>
<div class="lb-trans"><p>该公司的下一次股息支付将为每股 JP¥22.00。去年，该公司总共向股东分配了 JP¥44.00。根据去年的支付情况，清水的当前股价为 JP¥2114.00，股息收益率为 2.1%。如果您购买这家公司的股票是为了股息，您应该了解清水的股息是否可靠和可持续。因此，读者应该始终检查清水是否能够增加其股息，或者股息是否可能被削减。</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><p>Dividends are typically paid out of company income, so if a company pays out more than it earned, its dividend is usually at a higher risk of being cut. Fortunately Shimizu's payout ratio is modest, at just 35% of profit. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. Luckily it paid out just 13% of its free cash flow last year.</p>
<div class="lb-trans"><p>股息通常是从公司收入中支付的，因此如果一家公司支付的股息超过其收入，其股息通常面临更高的削减风险。幸运的是，清水的派息比率适中，仅为利润的 35%。尽管如此，即使是盈利能力强的公司，有时也可能无法产生足够的现金来支付股息，这就是为什么我们应该始终检查股息是否由现金流覆盖的原因。幸运的是，去年它仅支付了 13% 的自由现金流。</p>
</div><p>It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously.</p>
<div class="lb-trans"><p>看到股息由利润和现金流覆盖令人鼓舞。这通常表明股息是可持续的，只要收益没有急剧下降。</p>
</div><p>View our latest analysis for Shimizu</p>
<div class="lb-trans"><p>查看我们对清水的最新分析</p>
</div><p>Click here to see the company's payout ratio, plus analyst estimates of its future dividends.</p>
<div class="lb-trans"><p>点击这里查看公司的派息比率，以及分析师对其未来股息的估计。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/875399-historic-dividend-1-dark-2/1758766416806" alt="" original-src="https://images.simplywall.st/asset/chart/875399-historic-dividend-1-dark-2/1758766416806"/></p>
<p>TSE:1803 Historic Dividend September 25th 2025</p>
<div class="lb-trans"><p>TSE:1803 历史股息 2025 年 9 月 25 日</p>
</div><h2>Have Earnings And Dividends Been Growing?</h2>
<div class="lb-trans"><h2>收益和股息是否在增长？</h2>
</div><p>Businesses with shrinking earnings are tricky from a dividend perspective. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. That's why it's not ideal to see Shimizu's earnings per share have been shrinking at 3.0% a year over the previous five years.</p>
<div class="lb-trans"><p>从股息的角度来看，收益下降的企业是棘手的。投资者喜欢股息，因此如果收益下降而股息减少，预计股票会同时被大量抛售。这就是为什么看到清水的每股收益在过去五年中每年下降 3.0% 并不理想。</p>
</div><p>The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Since the start of our data, 10 years ago, Shimizu has lifted its dividend by approximately 20% a year on average.</p>
<div class="lb-trans"><p>大多数投资者评估公司股息前景的主要方式是检查历史股息增长率。自我们数据开始以来，清水的股息平均每年增长约 20%。</p>
</div><h2>To Sum It Up</h2>
<div class="lb-trans"><h2>总结</h2>
</div><p>Is Shimizu worth buying for its dividend? Earnings per share are down meaningfully, although at least the company is paying out a low and conservative percentage of both its earnings and cash flow. It's definitely not great to see earnings falling, but at least there may be some buffer before the dividend needs to be cut. Overall, it's not a bad combination, but we feel that there are likely more attractive dividend prospects out there.</p>
<div class="lb-trans"><p>清水值得为了股息而购买吗？每股收益显著下降，尽管至少该公司支付的收益和现金流的比例较低且保守。看到收益下降并不理想，但至少在股息需要被削减之前可能还有一些缓冲。总体而言，这并不是一个糟糕的组合，但我们认为可能还有更具吸引力的股息前景。</p>
</div><p>In light of that, while Shimizu has an appealing dividend, it's worth knowing the risks involved with this stock. Our analysis shows <strong>2 warning signs for Shimizu</strong> and you should be aware of these before buying any shares.</p>
<div class="lb-trans"><p>鉴于此，虽然清水的股息吸引人，但了解这只股票所涉及的风险是值得的。我们的分析显示 <strong>清水有 2 个警告信号</strong>，在购买任何股票之前，您应该了解这些信号。</p>
</div><p>Generally, we wouldn't recommend just buying the first dividend stock you see. Here's <strong>a curated list of interesting stocks that are strong dividend payers.</strong></p>
<div class="lb-trans"><p>通常，我们不会建议您仅仅购买您看到的第一只股息股票。这里有 <strong>一份精选的强股息支付股票清单。</strong></p>
</div>

收入投资者应注意，清水建设株式会社（TSE:1803）即将除息