<p><strong>LIXIL Corporation</strong> (TSE:5938) 股票将在三天后除息。通常，除息日期是在记录日期之前的两个工作日，记录日期是公司确定有资格获得股息的股东的日期。除息日期很重要，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，您需要在 9 月 29 日之前购买 LIXIL 的股票，以便获得将在 12 月 1 日支付的股息。</p>
<p>该公司的下一次股息支付将为每股 JP¥45.00，在过去的 12 个月中，公司总共支付了每股 JP¥90.00 的股息。去年的总股息支付显示，LIXIL 在当前股价 JP¥1906.00 上有 4.7% 的历史收益率。股息是长期持有者投资回报的主要贡献者，但前提是股息能够持续支付。这就是为什么我们应该始终检查股息支付是否可持续，以及公司是否在增长。</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>股息通常是从公司利润中支付的，因此如果公司支付的股息超过其盈利，那么其股息通常面临被削减的更大风险。去年，LIXIL 向股东支付了 377% 的利润作为股息。这种行为不可持续，需要购买者更加关注。一个有用的次要检查是评估 LIXIL 是否产生了足够的自由现金流来支付其股息。它将 47% 的自由现金流分配为股息，这对于大多数公司来说是一个舒适的支付水平。</p>
<p>看到股息未能由利润覆盖令人失望，但从股息可持续性的角度来看，现金更为重要，幸运的是 LIXIL 确实产生了足够的现金来资助其股息。如果高管继续支付超过公司报告的利润的股息，我们会将其视为警告信号。很少有公司能够持续支付超过其报告收益的股息。</p>
<p>查看我们对 LIXIL 的最新分析</p>
<p>点击这里查看公司的支付比率，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/875426-historic-dividend-1-dark-2/1758779807491?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/875426-historic-dividend-1-dark-2/1758779807491"/></p>
<p>TSE:5938 历史股息 2025 年 9 月 25 日</p>
<h2>盈利和股息是否在增长？</h2>
<p>盈利下降的公司对股息股东来说风险更大。如果盈利下降到一定程度，公司可能被迫削减股息。考虑到这一点，我们对 LIXIL 过去五年每年 26% 的盈利下降感到不安。最终，当每股收益下降时，用于支付股息的 “蛋糕” 规模也会缩小。</p>
<p>衡量公司股息前景的另一个关键方法是测量其历史股息增长率。在过去的 10 年中，LIXIL 平均每年提高约 4.1% 的股息。当盈利下降时，支付更高股息的唯一方法是支付更大比例的利润、动用资产负债表上的现金或借款。LIXIL 已经支付了高比例的收入，因此在没有盈利增长的情况下，我们对未来该股息是否会大幅增长表示怀疑。</p>
<h2>结论</h2>
<p>从股息的角度来看，投资者应该购买还是避免 LIXIL？看到每股收益下降并不理想，尤其是当公司将 377% 的利润作为股息支付时，这让我们感到不安。然而，现金流要强得多，这让我们怀疑 LIXIL 的现金流是否存在一些大的时间问题，或者公司是否大幅减记了一些资产，从而减少了其收入。我们并不认为 LIXIL 是一家糟糕的公司，但这些特征通常不会导致出色的股息表现。</p>
<p>话虽如此，如果您仍在考虑将 LIXIL 作为投资，了解该股票面临的风险将是有益的。<strong>我们已识别出 LIXIL 的 2 个警告信号</strong>（至少有 1 个令人担忧），理解这些信号应该是您投资过程的一部分。</p>
<p>一个常见的投资错误是购买您看到的第一个有趣的股票。在这里，您可以找到 <strong>高收益股息股票的完整列表。</strong></p>

5938

<p>LIXIL Corporation（东京证券交易所代码：5938）即将进行除息交易，计划于 12 月 1 日每股派发 45 日元的股息。然而，该公司去年支付的股息占其利润的 377%，引发了可持续性方面的担忧。尽管 LIXIL 产生了足够的自由现金流来覆盖其股息，但过去五年其收益年均下降了 26%。历史股息增长率仅为每年 4.1%，这使得未来股息增长的前景受到质疑。投资者应对这些财务指标和与该股票相关的潜在风险保持谨慎</p>

<p><strong>LIXIL Corporation</strong> (TSE:5938) stock is about to trade ex-dividend in three days. Typically, the ex-dividend date is two business days before the record date, which is the date on which a company determines the shareholders eligible 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. Meaning, you will need to purchase LIXIL's shares before the 29th of September to receive the dividend, which will be paid on the 1st of December.</p>
<div class="lb-trans"><p><strong>LIXIL Corporation</strong> (TSE:5938) 股票将在三天后除息。通常，除息日期是在记录日期之前的两个工作日，记录日期是公司确定有资格获得股息的股东的日期。除息日期很重要，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，您需要在 9 月 29 日之前购买 LIXIL 的股票，以便获得将在 12 月 1 日支付的股息。</p>
</div><p>The company's next dividend payment will be JP¥45.00 per share, and in the last 12 months, the company paid a total of JP¥90.00 per share. Last year's total dividend payments show that LIXIL has a trailing yield of 4.7% on the current share price of JP¥1906.00. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.</p>
<div class="lb-trans"><p>该公司的下一次股息支付将为每股 JP¥45.00，在过去的 12 个月中，公司总共支付了每股 JP¥90.00 的股息。去年的总股息支付显示，LIXIL 在当前股价 JP¥1906.00 上有 4.7% 的历史收益率。股息是长期持有者投资回报的主要贡献者，但前提是股息能够持续支付。这就是为什么我们应该始终检查股息支付是否可持续，以及公司是否在增长。</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 usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Last year, LIXIL paid out 377% of its profit to shareholders in the form of dividends. This is not sustainable behaviour and requires a closer look on behalf of the purchaser. A useful secondary check can be to evaluate whether LIXIL generated enough free cash flow to afford its dividend. It distributed 47% of its free cash flow as dividends, a comfortable payout level for most companies.</p>
<div class="lb-trans"><p>股息通常是从公司利润中支付的，因此如果公司支付的股息超过其盈利，那么其股息通常面临被削减的更大风险。去年，LIXIL 向股东支付了 377% 的利润作为股息。这种行为不可持续，需要购买者更加关注。一个有用的次要检查是评估 LIXIL 是否产生了足够的自由现金流来支付其股息。它将 47% 的自由现金流分配为股息，这对于大多数公司来说是一个舒适的支付水平。</p>
</div><p>It's disappointing to see that the dividend was not covered by profits, but cash is more important from a dividend sustainability perspective, and LIXIL fortunately did generate enough cash to fund its dividend. If executives were to continue paying more in dividends than the company reported in profits, we'd view this as a warning sign. Very few companies are able to sustainably pay dividends larger than their reported earnings.</p>
<div class="lb-trans"><p>看到股息未能由利润覆盖令人失望，但从股息可持续性的角度来看，现金更为重要，幸运的是 LIXIL 确实产生了足够的现金来资助其股息。如果高管继续支付超过公司报告的利润的股息，我们会将其视为警告信号。很少有公司能够持续支付超过其报告收益的股息。</p>
</div><p>View our latest analysis for LIXIL</p>
<div class="lb-trans"><p>查看我们对 LIXIL 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支付比率，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/875426-historic-dividend-1-dark-2/1758779807491" alt="" original-src="https://images.simplywall.st/asset/chart/875426-historic-dividend-1-dark-2/1758779807491"/></p>
<p>TSE:5938 Historic Dividend September 25th 2025</p>
<div class="lb-trans"><p>TSE:5938 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>盈利和股息是否在增长？</h2>
</div><p>Companies with falling earnings are riskier for dividend shareholders. If earnings fall far enough, the company could be forced to cut its dividend. With that in mind, we're discomforted by LIXIL's 26% per annum decline in earnings in the past five years. Ultimately, when earnings per share decline, the size of the pie from which dividends can be paid, shrinks.</p>
<div class="lb-trans"><p>盈利下降的公司对股息股东来说风险更大。如果盈利下降到一定程度，公司可能被迫削减股息。考虑到这一点，我们对 LIXIL 过去五年每年 26% 的盈利下降感到不安。最终，当每股收益下降时，用于支付股息的 “蛋糕” 规模也会缩小。</p>
</div><p>Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. In the last 10 years, LIXIL has lifted its dividend by approximately 4.1% a year on average. The only way to pay higher dividends when earnings are shrinking is either to pay out a larger percentage of profits, spend cash from the balance sheet, or borrow the money. LIXIL is already paying out a high percentage of its income, so without earnings growth, we're doubtful of whether this dividend will grow much in the future.</p>
<div class="lb-trans"><p>衡量公司股息前景的另一个关键方法是测量其历史股息增长率。在过去的 10 年中，LIXIL 平均每年提高约 4.1% 的股息。当盈利下降时，支付更高股息的唯一方法是支付更大比例的利润、动用资产负债表上的现金或借款。LIXIL 已经支付了高比例的收入，因此在没有盈利增长的情况下，我们对未来该股息是否会大幅增长表示怀疑。</p>
</div><h2>The Bottom Line</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p>From a dividend perspective, should investors buy or avoid LIXIL? It's never great to see earnings per share declining, especially when a company is paying out 377% of its profit as dividends, which we feel is uncomfortably high. Yet cashflow was much stronger, which makes us wonder if there are some large timing issues in LIXIL's cash flows, or perhaps the company has written down some assets aggressively, reducing its income. It's not that we think LIXIL is a bad company, but these characteristics don't generally lead to outstanding dividend performance.</p>
<div class="lb-trans"><p>从股息的角度来看，投资者应该购买还是避免 LIXIL？看到每股收益下降并不理想，尤其是当公司将 377% 的利润作为股息支付时，这让我们感到不安。然而，现金流要强得多，这让我们怀疑 LIXIL 的现金流是否存在一些大的时间问题，或者公司是否大幅减记了一些资产，从而减少了其收入。我们并不认为 LIXIL 是一家糟糕的公司，但这些特征通常不会导致出色的股息表现。</p>
</div><p>With that being said, if you're still considering LIXIL as an investment, you'll find it beneficial to know what risks this stock is facing. <strong>We've identified 2 warning signs</strong> with LIXIL (at least 1 which is a bit concerning), and understanding them should be part of your investment process.</p>
<div class="lb-trans"><p>话虽如此，如果您仍在考虑将 LIXIL 作为投资，了解该股票面临的风险将是有益的。<strong>我们已识别出 LIXIL 的 2 个警告信号</strong>（至少有 1 个令人担忧），理解这些信号应该是您投资过程的一部分。</p>
</div><p>A common investing mistake is buying the first interesting stock you see. Here you can find <strong>a full list of high-yield dividend stocks.</strong></p>
<div class="lb-trans"><p>一个常见的投资错误是购买您看到的第一个有趣的股票。在这里，您可以找到 <strong>高收益股息股票的完整列表。</strong></p>
</div>

在没有进行这些检查之前，不要购买 LIXIL Corporation（TSE:5938）的下一次股息