<p><strong>天諾克公司</strong> (TSE:1905) 宣佈將於 6 月 30 日提高其定期股息至 22.00 日元，比去年相應的支付金額 19.00 日元高出 16%。這使得股息收益率大致與行業平均水平相當，約為 3.5%。</p>
<p>查看我們對天諾克的最新分析</p>
<h2>天諾克未來的股息預測似乎得到了盈利的良好支持</h2>
<p>除非支付是可持續的，否則股息收益率並沒有太大意義。在發佈此公告之前，天諾克的盈利足以覆蓋股息。這意味着其大部分盈利被保留用於業務增長。</p>
<p>除非公司能夠扭轉局面，否則每股收益在未來一年可能會下降 4.0%。假設股息繼續沿着近期趨勢發展，我們認為支付比率可能為 41%，我們對此感到相當滿意，並認為在盈利基礎上是可行的。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/5577940-historic-dividend-1-dark/1741131311635?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/5577940-historic-dividend-1-dark/1741131311635"/></p>
<p>TSE:1905 歷史股息 2025 年 3 月 4 日</p>
<h2>股息波動性</h2>
<p>該公司的股息歷史標誌着不穩定，過去 10 年中至少有一次削減。股息從 2015 年的年總額 12.00 日元增長到最近的年總支付 40.00 日元。這在此期間的年複合增長率（CAGR）約為 13%。儘管過去幾年股息快速增長，但我們也看到支付有所下降，因此這讓我們感到謹慎。</p>
<h2>股息增長可能難以實現</h2>
<p>在相對不穩定的股息情況下，更重要的是觀察每股收益是否在增長。在過去五年中，天諾克的每股收益每年大約下降 4.0%。如果盈利繼續下降，公司可能不得不做出減少股息甚至完全停止支付的艱難選擇——這與股息增長正好相反。</p>
<h2>我們對天諾克股息的看法</h2>
<p>總之，儘管看到股息上升總是令人高興，但我們認為天諾克的支付並不穩固。公司產生了大量現金，這可能在一段時間內維持股息，但其過往記錄並不理想。我們對主要依賴這隻股票獲取股息收入持謹慎態度。</p>
<p>市場動向證明，穩定的股息政策相比於更不可預測的政策是多麼受到重視。同時，儘管股息支付的重要性不言而喻，但在評估一家公司時，它們並不是我們讀者應該瞭解的唯一因素。例如，我們已經識別出 <strong>天諾克的 3 個警告信號</strong>（其中 1 個是顯著的！），在投資之前你應該注意。如果你是股息投資者，你可能還想查看我們 <strong>精心挑選的高收益股息股票列表。</strong></p>

1905

<p>Tenox Corporation（東京證券交易所代碼：1905）將於 6 月 30 日將股息提高至 22.00 日元，比去年的 19.00 日元增長 16%，與行業平均收益率 3.5% 相符。儘管盈利足以覆蓋股息，但由於預計明年的每股收益（EPS）可能下降 4.0%，因此引發了擔憂。該公司的股息歷史顯示出不穩定，自 2015 年以來的年複合增長率為 13%，但近期出現了削減。由於潛在的盈利下降以及對 Tenox 識別出的三個重大警示信號，建議股息投資者保持謹慎</p>

<p><strong>Tenox Corporation</strong> (TSE:1905) has announced that it will be increasing its periodic dividend on the 30th of June to ¥22.00, which will be 16% higher than last year's comparable payment amount of ¥19.00. This makes the dividend yield about the same as the industry average at 3.5%.</p>
<div class="lb-trans"><p><strong>天諾克公司</strong> (TSE:1905) 宣佈將於 6 月 30 日提高其定期股息至 22.00 日元，比去年相應的支付金額 19.00 日元高出 16%。這使得股息收益率大致與行業平均水平相當，約為 3.5%。</p>
</div><p>View our latest analysis for Tenox</p>
<div class="lb-trans"><p>查看我們對天諾克的最新分析</p>
</div><h2>Tenox's Future Dividend Projections Appear Well Covered By Earnings</h2>
<div class="lb-trans"><h2>天諾克未來的股息預測似乎得到了盈利的良好支持</h2>
</div><p>Unless the payments are sustainable, the dividend yield doesn't mean too much. Before making this announcement, Tenox was easily earning enough to cover the dividend. This means that most of its earnings are being retained to grow the business.</p>
<div class="lb-trans"><p>除非支付是可持續的，否則股息收益率並沒有太大意義。在發佈此公告之前，天諾克的盈利足以覆蓋股息。這意味着其大部分盈利被保留用於業務增長。</p>
</div><p>Unless the company can turn things around, EPS could fall by 4.0% over the next year. Assuming the dividend continues along recent trends, we believe the payout ratio could be 41%, which we are pretty comfortable with and we think is feasible on an earnings basis.</p>
<div class="lb-trans"><p>除非公司能夠扭轉局面，否則每股收益在未來一年可能會下降 4.0%。假設股息繼續沿着近期趨勢發展，我們認為支付比率可能為 41%，我們對此感到相當滿意，並認為在盈利基礎上是可行的。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/5577940-historic-dividend-1-dark/1741131311635" alt="" original-src="https://images.simplywall.st/asset/chart/5577940-historic-dividend-1-dark/1741131311635"/></p>
<p>TSE:1905 Historic Dividend March 4th 2025</p>
<div class="lb-trans"><p>TSE:1905 歷史股息 2025 年 3 月 4 日</p>
</div><h2>Dividend Volatility</h2>
<div class="lb-trans"><h2>股息波動性</h2>
</div><p>The company's dividend history has been marked by instability, with at least one cut in the last 10 years. The dividend has gone from an annual total of ¥12.00 in 2015 to the most recent total annual payment of ¥40.00. This works out to be a compound annual growth rate (CAGR) of approximately 13% a year over that time. Despite the rapid growth in the dividend over the past number of years, we have seen the payments go down the past as well, so that makes us cautious.</p>
<div class="lb-trans"><p>該公司的股息歷史標誌着不穩定，過去 10 年中至少有一次削減。股息從 2015 年的年總額 12.00 日元增長到最近的年總支付 40.00 日元。這在此期間的年複合增長率（CAGR）約為 13%。儘管過去幾年股息快速增長，但我們也看到支付有所下降，因此這讓我們感到謹慎。</p>
</div><h2>Dividend Growth May Be Hard To Achieve</h2>
<div class="lb-trans"><h2>股息增長可能難以實現</h2>
</div><p>With a relatively unstable dividend, it's even more important to see if earnings per share is growing. In the last five years, Tenox's earnings per share has shrunk at approximately 4.0% per annum. If earnings continue declining, the company may have to make the difficult choice of reducing the dividend or even stopping it completely - the opposite of dividend growth.</p>
<div class="lb-trans"><p>在相對不穩定的股息情況下，更重要的是觀察每股收益是否在增長。在過去五年中，天諾克的每股收益每年大約下降 4.0%。如果盈利繼續下降，公司可能不得不做出減少股息甚至完全停止支付的艱難選擇——這與股息增長正好相反。</p>
</div><h2>Our Thoughts On Tenox's Dividend</h2>
<div class="lb-trans"><h2>我們對天諾克股息的看法</h2>
</div><p>In summary, while it's always good to see the dividend being raised, we don't think Tenox's payments are rock solid. The company is generating plenty of cash, which could maintain the dividend for a while, but the track record hasn't been great. We would be a touch cautious of relying on this stock primarily for the dividend income.</p>
<div class="lb-trans"><p>總之，儘管看到股息上升總是令人高興，但我們認為天諾克的支付並不穩固。公司產生了大量現金，這可能在一段時間內維持股息，但其過往記錄並不理想。我們對主要依賴這隻股票獲取股息收入持謹慎態度。</p>
</div><p>Market movements attest to how highly valued a consistent dividend policy is compared to one which is more unpredictable. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. For example, we've identified <strong>3 warning signs for Tenox</strong> (1 is significant!) that you should be aware of before investing. 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>市場動向證明，穩定的股息政策相比於更不可預測的政策是多麼受到重視。同時，儘管股息支付的重要性不言而喻，但在評估一家公司時，它們並不是我們讀者應該瞭解的唯一因素。例如，我們已經識別出 <strong>天諾克的 3 個警告信號</strong>（其中 1 個是顯著的！），在投資之前你應該注意。如果你是股息投資者，你可能還想查看我們 <strong>精心挑選的高收益股息股票列表。</strong></p>
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Tenox (TSE:1905) 將支付比去年更高的股息，達到 22.00 日元