<p>看起来 <strong>达能（Danone S.A.）</strong>（EPA:BN）将在接下来的 4 天内除息。除息日通常是在公司记录日的前两个工作日，这一天公司会确定哪些股东有权获得股息。除息日很重要，因为结算过程至少需要两个完整的工作日。因此，如果您错过了该日期，您将在记录日时不会出现在公司的账簿上。换句话说，投资者可以在 5 月 4 日之前购买达能的股票，以便有资格获得将在 5 月 6 日支付的股息。</p>
<p>该公司下一次的股息支付将为每股 2.25 欧元，基于去年公司向股东支付的总额为 2.25 欧元。去年的总股息支付显示，达能在当前股价 67.40 欧元上有 3.3% 的历史收益率。股息是许多股东的重要收入来源，但企业的健康状况对维持这些股息至关重要。我们需要看看股息是否由盈利覆盖，以及是否在增长。</p>
<p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展有望受益。</p>
<p>股息通常是从公司收入中支付的，因此如果公司支付的股息超过其盈利，股息通常面临被削减的更高风险。去年它支付了 80% 的盈利作为股息，这并不算不合理，但限制了对业务的再投资，并使股息在业务下滑时变得脆弱。如果盈利开始下降，这可能会成为一个问题。一个有用的次要检查是评估达能是否产生了足够的自由现金流来支付其股息。去年，股息占公司自由现金流的 51%，这在大多数支付股息的组织中属于正常范围。</p>
<p>看到达能的股息由利润和现金流覆盖是积极的，因为这通常是股息可持续的迹象，而较低的支付比率通常意味着在股息被削减之前有更大的安全边际。</p>
<p>查看我们对达能的最新分析</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>
<h2>盈利和股息是否在增长？</h2>
<p>盈利平稳的股票仍然可以是有吸引力的股息支付者，但在股息可持续性方面，采取更保守的态度并要求更大的安全边际是重要的。如果盈利下降到一定程度，公司可能被迫削减股息。这解释了为什么我们对达能过去五年的平稳盈利并不感到过于兴奋。看到盈利没有下降当然更好，但从长远来看，所有最佳的股息股票都能够显著增长每股盈利。</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 10 年中，达能平均每年提高股息约 4.1%。</p>
<h2>最终总结</h2>
<p>投资者应该购买达能以获得即将到来的股息吗？达能未能产生盈利增长，但至少其股息看起来是可持续的，利润和现金流支付比率在合理范围内。底线是：达能有一些不幸的特征，我们认为这可能导致股息投资者的次优结果。</p>
<p>话虽如此，如果您仍在考虑将达能作为投资，了解该股票面临的风险将是有益的。每家公司都有风险，我们发现您应该了解的 <strong>达能的 2 个警告信号</strong>。</p>
<p>如果您在寻找强劲的股息支付者，我们建议 <strong>查看我们精选的顶级股息股票。</strong></p>

达能(ADR)

<p>达能（Danone S.A.，EPA:BN）将在 4 天后除息，计划于 5 月 6 日支付每股 2.25 欧元的股息。投资者必须在 5 月 4 日之前购买股票才能获得资格。该公司的过去一年总股息支付的收益率为 3.3%。虽然股息由利润和现金流覆盖，但达能过去五年的盈利平稳引发了对未来增长的担忧。尽管如此，股息似乎是可持续的，但潜在投资者应注意与该股票相关的风险</p>

<p>It looks like <strong>Danone S.A.</strong> (EPA:BN) is about to go ex-dividend in the next 4 days. The ex-dividend date is two business days before a company's record date in most cases, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is important as the process of settlement involves at least two full business days. So if you miss that date, you would not show up on the company's books on the record date. In other words, investors can purchase Danone's shares before the 4th of May in order to be eligible for the dividend, which will be paid on the 6th of May.</p>
<div class="lb-trans"><p>看起来 <strong>达能（Danone S.A.）</strong>（EPA:BN）将在接下来的 4 天内除息。除息日通常是在公司记录日的前两个工作日，这一天公司会确定哪些股东有权获得股息。除息日很重要，因为结算过程至少需要两个完整的工作日。因此，如果您错过了该日期，您将在记录日时不会出现在公司的账簿上。换句话说，投资者可以在 5 月 4 日之前购买达能的股票，以便有资格获得将在 5 月 6 日支付的股息。</p>
</div><p>The company's next dividend payment will be €2.25 per share, on the back of last year when the company paid a total of €2.25 to shareholders. Last year's total dividend payments show that Danone has a trailing yield of 3.3% on the current share price of €67.40. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing.</p>
<div class="lb-trans"><p>该公司下一次的股息支付将为每股 2.25 欧元，基于去年公司向股东支付的总额为 2.25 欧元。去年的总股息支付显示，达能在当前股价 67.40 欧元上有 3.3% 的历史收益率。股息是许多股东的重要收入来源，但企业的健康状况对维持这些股息至关重要。我们需要看看股息是否由盈利覆盖，以及是否在增长。</p>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承诺要 “释放” 美国的石油和天然气，这 15 只美国股票的发展有望受益。</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. It paid out 80% of its earnings as dividends last year, which is not unreasonable, but limits reinvestment in the business and leaves the dividend vulnerable to a business downturn. It could become a concern if earnings started to decline. A useful secondary check can be to evaluate whether Danone generated enough free cash flow to afford its dividend. Dividends consumed 51% of the company's free cash flow last year, which is within a normal range for most dividend-paying organisations.</p>
<div class="lb-trans"><p>股息通常是从公司收入中支付的，因此如果公司支付的股息超过其盈利，股息通常面临被削减的更高风险。去年它支付了 80% 的盈利作为股息，这并不算不合理，但限制了对业务的再投资，并使股息在业务下滑时变得脆弱。如果盈利开始下降，这可能会成为一个问题。一个有用的次要检查是评估达能是否产生了足够的自由现金流来支付其股息。去年，股息占公司自由现金流的 51%，这在大多数支付股息的组织中属于正常范围。</p>
</div><p>It's positive to see that Danone's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut.</p>
<div class="lb-trans"><p>看到达能的股息由利润和现金流覆盖是积极的，因为这通常是股息可持续的迹象，而较低的支付比率通常意味着在股息被削减之前有更大的安全边际。</p>
</div><p>See our latest analysis for Danone</p>
<div class="lb-trans"><p>查看我们对达能的最新分析</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><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>Stocks with flat earnings can still be attractive dividend payers, but it is important to be more conservative with your approach and demand a greater margin for safety when it comes to dividend sustainability. If earnings fall far enough, the company could be forced to cut its dividend. That explains why we're not overly excited about Danone's flat earnings over the past five years. It's better than seeing them drop, certainly, but over the long term, all of the best dividend stocks are able to meaningfully grow their earnings per share.</p>
<div class="lb-trans"><p>盈利平稳的股票仍然可以是有吸引力的股息支付者，但在股息可持续性方面，采取更保守的态度并要求更大的安全边际是重要的。如果盈利下降到一定程度，公司可能被迫削减股息。这解释了为什么我们对达能过去五年的平稳盈利并不感到过于兴奋。看到盈利没有下降当然更好，但从长远来看，所有最佳的股息股票都能够显著增长每股盈利。</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, Danone has lifted its dividend by approximately 4.1% a year on average.</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 10 年中，达能平均每年提高股息约 4.1%。</p>
</div><h2>Final Takeaway</h2>
<div class="lb-trans"><h2>最终总结</h2>
</div><p>Should investors buy Danone for the upcoming dividend? Danone has been unable to generate earnings growth, but at least its dividend looks sustainable, with its profit and cashflow payout ratios within reasonable limits. Bottom line: Danone has some unfortunate characteristics that we think could lead to sub-optimal outcomes for dividend investors.</p>
<div class="lb-trans"><p>投资者应该购买达能以获得即将到来的股息吗？达能未能产生盈利增长，但至少其股息看起来是可持续的，利润和现金流支付比率在合理范围内。底线是：达能有一些不幸的特征，我们认为这可能导致股息投资者的次优结果。</p>
</div><p>With that being said, if you're still considering Danone as an investment, you'll find it beneficial to know what risks this stock is facing. Every company has risks, and we've spotted <strong>2 warning signs for Danone</strong> you should know about.</p>
<div class="lb-trans"><p>话虽如此，如果您仍在考虑将达能作为投资，了解该股票面临的风险将是有益的。每家公司都有风险，我们发现您应该了解的 <strong>达能的 2 个警告信号</strong>。</p>
</div><p>If you're in the market for strong dividend payers, we recommend <strong>checking our selection of top dividend stocks.</strong></p>
<div class="lb-trans"><p>如果您在寻找强劲的股息支付者，我们建议 <strong>查看我们精选的顶级股息股票。</strong></p>
</div>

股息投资者：不要急于购买达能 (ADR)（EPA:BN）以获取即将派发的股息