<p><strong>米明生活百货控股有限公司</strong> (HKG:8473) 将在接下来的 4 天内开始除息。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。了解除息日期非常重要，因为任何股票交易都需要在记录日期之前结算。因此，米明生活百货控股的投资者如果在 10 月 14 日或之后购买该股票，将无法获得将在 1 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港币 0.025 元，基于去年公司向股东支付的总额为港币 0.012 元。根据去年的支付情况，米明生活百货控股的股票在当前股价港币 0.163 上，具有约 7.4% 的历史收益率。股息是长期持有者投资回报的重要组成部分，但前提是股息能够持续支付。因此，读者应始终检查米明生活百货控股是否能够增加其股息，或者股息是否可能被削减。</p>
<p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
<p>股息通常来自公司的盈利。如果一家公司支付的股息超过其利润，那么该股息可能是不可持续的。265% 的异常高支付比率表明，除了通常的利润分配给股东之外，可能发生了其他事情。也就是说，即使是盈利丰厚的公司，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。在过去一年中，它支付了 68% 的自由现金流作为股息，这在大多数公司的正常范围内。</p>
<p>看到米明生活百货控股的股息虽然未能由利润覆盖，但至少从现金的角度来看是可承受的，这一点很好。不过，如果公司反复支付超过其利润的股息，我们会感到担忧。极少数公司能够持续支付超过其利润的股息。</p>
<p>查看我们对米明生活百货控股的最新分析</p>
<p>点击这里查看米明生活百货控股在过去 12 个月中支付了多少利润。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/551046845-historic-dividend-1-dark-2/1760048908807?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/551046845-historic-dividend-1-dark-2/1760048908807"/></p>
<p>SEHK:8473 历史股息 2025 年 10 月 9 日</p>
<h2>盈利和股息是否在增长？</h2>
<p>当盈利下降时，股息公司变得更难以分析和安全持有。如果业务进入低迷期并削减股息，公司可能会看到其价值急剧下降。考虑到这一点，我们对米明生活百货控股过去五年每年 20% 的盈利下降感到不安。如此剧烈的下降使人对未来股息的可持续性产生怀疑。</p>
<p>衡量公司股息前景的另一个关键方法是衡量其历史股息增长率。米明生活百货控股的每股股息支付在过去七年中平均下降了 5.6%，这并不令人鼓舞。虽然每股盈利和股息在最近几年下降并不理想，但我们对管理层削减股息而不是冒险过度承诺公司的做法感到欣慰，以避免在维持股东收益方面的风险。</p>
<h2>结论</h2>
<p>米明生活百货控股是否具备维持其股息支付的能力？看到公司的每股盈利下滑并不愉快。此外，米明生活百货控股支付了大部分盈利和超过一半的自由现金流。很难说该业务是否有财务资源和时间在不削减股息的情况下扭转局面。总体来看，这似乎不是一个适合长期买入持有投资者的股息股票。</p>
<p>话虽如此，如果你仍在考虑米明生活百货控股作为投资，了解该股票面临的风险将对你有所帮助。请注意，米明生活百货控股在我们的投资分析中显示出 <strong>4 个警告信号</strong>，其中 1 个信号有点不愉快……</p>
<p>一般来说，我们不建议仅仅购买你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列表。</strong></p>

弥明生活百货

<p>弥明生活百货控股有限公司（HKG:8473）将在 4 天后除息，计划于 1 月 1 日支付每股 0.025 港元的股息。该公司的历史收益率为 7.4%，但其派息比率令人担忧，达到了 265% 的利润。尽管股息由现金流覆盖，但公司在过去五年中盈利下降了 20%，股息支付的平均下降幅度为 5.6%。这引发了对未来股息可持续性的质疑，使其对长期投资者的吸引力降低</p>

<p><strong>Mi Ming Mart Holdings Limited</strong> (HKG:8473) is about to trade ex-dividend in the next 4 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. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Accordingly, Mi Ming Mart Holdings investors that purchase the stock on or after the 14th of October will not receive the dividend, which will be paid on the 1st of January.</p>
<div class="lb-trans"><p><strong>米明生活百货控股有限公司</strong> (HKG:8473) 将在接下来的 4 天内开始除息。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。了解除息日期非常重要，因为任何股票交易都需要在记录日期之前结算。因此，米明生活百货控股的投资者如果在 10 月 14 日或之后购买该股票，将无法获得将在 1 月 1 日支付的股息。</p>
</div><p>The company's next dividend payment will be HK$0.025 per share, on the back of last year when the company paid a total of HK$0.012 to shareholders. Based on the last year's worth of payments, Mi Ming Mart Holdings stock has a trailing yield of around 7.4% on the current share price of HK$0.163. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether Mi Ming Mart Holdings 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港币 0.025 元，基于去年公司向股东支付的总额为港币 0.012 元。根据去年的支付情况，米明生活百货控股的股票在当前股价港币 0.163 上，具有约 7.4% 的历史收益率。股息是长期持有者投资回报的重要组成部分，但前提是股息能够持续支付。因此，读者应始终检查米明生活百货控股是否能够增加其股息，或者股息是否可能被削减。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我们发现 21 只美国股票预计明年将支付超过 6% 的股息收益率。查看完整列表，免费获取。</p>
</div><p>Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. An unusually high payout ratio of 265% of its profit suggests something is happening other than the usual distribution of profits to shareholders. 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. Over the last year it paid out 68% of its free cash flow as dividends, within the usual range for most companies.</p>
<div class="lb-trans"><p>股息通常来自公司的盈利。如果一家公司支付的股息超过其利润，那么该股息可能是不可持续的。265% 的异常高支付比率表明，除了通常的利润分配给股东之外，可能发生了其他事情。也就是说，即使是盈利丰厚的公司，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。在过去一年中，它支付了 68% 的自由现金流作为股息，这在大多数公司的正常范围内。</p>
</div><p>It's good to see that while Mi Ming Mart Holdings's dividends were not covered by profits, at least they are affordable from a cash perspective. Still, if the company repeatedly paid a dividend greater than its profits, we'd be concerned. Extraordinarily few companies are capable of persistently paying a dividend that is greater than their profits.</p>
<div class="lb-trans"><p>看到米明生活百货控股的股息虽然未能由利润覆盖，但至少从现金的角度来看是可承受的，这一点很好。不过，如果公司反复支付超过其利润的股息，我们会感到担忧。极少数公司能够持续支付超过其利润的股息。</p>
</div><p>View our latest analysis for Mi Ming Mart Holdings</p>
<div class="lb-trans"><p>查看我们对米明生活百货控股的最新分析</p>
</div><p>Click here to see how much of its profit Mi Ming Mart Holdings paid out over the last 12 months.</p>
<div class="lb-trans"><p>点击这里查看米明生活百货控股在过去 12 个月中支付了多少利润。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/551046845-historic-dividend-1-dark-2/1760048908807" alt="" original-src="https://images.simplywall.st/asset/chart/551046845-historic-dividend-1-dark-2/1760048908807"/></p>
<p>SEHK:8473 Historic Dividend October 9th 2025</p>
<div class="lb-trans"><p>SEHK:8473 历史股息 2025 年 10 月 9 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>When earnings decline, dividend companies become much harder to analyse and own safely. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. With that in mind, we're discomforted by Mi Ming Mart Holdings's 20% per annum decline in earnings in the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend.</p>
<div class="lb-trans"><p>当盈利下降时，股息公司变得更难以分析和安全持有。如果业务进入低迷期并削减股息，公司可能会看到其价值急剧下降。考虑到这一点，我们对米明生活百货控股过去五年每年 20% 的盈利下降感到不安。如此剧烈的下降使人对未来股息的可持续性产生怀疑。</p>
</div><p>Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Mi Ming Mart Holdings's dividend payments per share have declined at 5.6% per year on average over the past seven years, which is uninspiring. While it's not great that earnings and dividends per share have fallen in recent years, we're encouraged by the fact that management has trimmed the dividend rather than risk over-committing the company in a risky attempt to maintain yields to shareholders.</p>
<div class="lb-trans"><p>衡量公司股息前景的另一个关键方法是衡量其历史股息增长率。米明生活百货控股的每股股息支付在过去七年中平均下降了 5.6%，这并不令人鼓舞。虽然每股盈利和股息在最近几年下降并不理想，但我们对管理层削减股息而不是冒险过度承诺公司的做法感到欣慰，以避免在维持股东收益方面的风险。</p>
</div><h2>The Bottom Line</h2>
<div class="lb-trans"><h2>结论</h2>
</div><p>Has Mi Ming Mart Holdings got what it takes to maintain its dividend payments? It's never fun to see a company's earnings per share in retreat. What's more, Mi Ming Mart Holdings is paying out a majority of its earnings and over half its free cash flow. It's hard to say if the business has the financial resources and time to turn things around without cutting the dividend. Overall it doesn't look like the most suitable dividend stock for a long-term buy and hold investor.</p>
<div class="lb-trans"><p>米明生活百货控股是否具备维持其股息支付的能力？看到公司的每股盈利下滑并不愉快。此外，米明生活百货控股支付了大部分盈利和超过一半的自由现金流。很难说该业务是否有财务资源和时间在不削减股息的情况下扭转局面。总体来看，这似乎不是一个适合长期买入持有投资者的股息股票。</p>
</div><p>With that being said, if you're still considering Mi Ming Mart Holdings as an investment, you'll find it beneficial to know what risks this stock is facing. Be aware that Mi Ming Mart Holdings is showing <strong>4 warning signs in our investment analysis</strong>, and 1 of those is a bit unpleasant...</p>
<div class="lb-trans"><p>话虽如此，如果你仍在考虑米明生活百货控股作为投资，了解该股票面临的风险将对你有所帮助。请注意，米明生活百货控股在我们的投资分析中显示出 <strong>4 个警告信号</strong>，其中 1 个信号有点不愉快……</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>一般来说，我们不建议仅仅购买你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列表。</strong></p>
</div>

股息投资者：不要急于购买弥明生活百货控股有限公司（HKG:8473）以获取即将派发的股息