<p><strong>豐益國際有限公司</strong> (SGX:F34) 將於 5 月 15 日支付每股$0.10 的股息。該股息收益率將在行業的平均範圍內，為 4.8%。</p>
<h2>豐益國際的預計收益似乎足以覆蓋未來的分配</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。根據上一次的支付，豐益國際的收益遠高於股息，但並未將這些收益轉化為現金流。沒有現金流肯定會使向股東返還現金變得困難，或者至少意味着資產負債表將面臨壓力。</p>
<p>明年每股收益預計將增長 44.1%。如果股息繼續沿着最近的趨勢發展，我們估計支付比率將為 65%，這在讓我們對股息的可持續性感到放心的範圍內。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/5467851-historic-dividend-1-dark/1743142860866?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/5467851-historic-dividend-1-dark/1743142860866"/></p>
<p>SGX:F34 歷史股息 2025 年 3 月 28 日</p>
<p>查看我們對豐益國際的最新分析</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。自 2015 年以來，股息從每年總計$0.0551 增長到$0.118。這意味着公司在此期間以約 7.9% 的年率增長其分配。我們在過去見過削減，因此儘管增長看起來很有前景，但我們對其過往記錄會稍顯謹慎。</p>
<h2>股息增長可能難以實現</h2>
<p>鑑於過去曾削減股息，我們需要檢查收益是否在增長，以及這是否可能導致未來更強的股息。豐益國際在過去五年中每股收益變化不大。</p>
<h2>股息可能被證明不可靠</h2>
<p>總體而言，看到股息被削減並不理想，但這可能是由於之前的支付略高。雖然低支付比率是一個值得稱道的特點，但這被覆蓋支付的最低現金所抵消。我們對主要依賴該股票獲取股息收入持謹慎態度。</p>
<p>投資者通常傾向於青睞具有一致、穩定股息政策的公司，而不是那些運營不規律的公司。然而，在分析股票表現時，投資者還有其他因素需要考慮。舉個例子，我們發現 <strong>豐益國際的 2 個警告信號</strong>，其中一個有點不愉快。如果您是股息投資者，您可能還想查看我們 <strong>精心挑選的高收益股息股票列表。</strong></p>

豐益國際

<p>豐益國際（Wilmar International Limited，SGX:F34）宣佈派發每股 0.10 美元的股息，收益率為 4.8%。儘管預計明年的盈利增長將達到 44.1%，但仍然存在現金流可持續性的問題，因為過去的盈利並未轉化為現金。該公司在過去十年中有股息不穩定的歷史，曾出現過削減股息的情況。雖然低派息比率是一個積極的信號，但現金流的缺乏對股息的可靠性提出了警示。投資者在投資前應考慮該公司的不一致股息政策和潛在的警示信號</p>

<p><strong>Wilmar International Limited</strong> (SGX:F34) will pay a dividend of $0.10 on the 15th of May. The dividend yield will be in the average range for the industry at 4.8%.</p>
<div class="lb-trans"><p><strong>豐益國際有限公司</strong> (SGX:F34) 將於 5 月 15 日支付每股$0.10 的股息。該股息收益率將在行業的平均範圍內，為 4.8%。</p>
</div><h2>Wilmar International's Projected Earnings Seem Likely To Cover Future Distributions</h2>
<div class="lb-trans"><h2>豐益國際的預計收益似乎足以覆蓋未來的分配</h2>
</div><p>Unless the payments are sustainable, the dividend yield doesn't mean too much. Based on the last payment, Wilmar International's earnings were much higher than the dividend, but it wasn't converting those earnings into cash flow. No cash flows could definitely make returning cash to shareholders difficult, or at least mean the balance sheet will come under pressure.</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。根據上一次的支付，豐益國際的收益遠高於股息，但並未將這些收益轉化為現金流。沒有現金流肯定會使向股東返還現金變得困難，或者至少意味着資產負債表將面臨壓力。</p>
</div><p>The next year is set to see EPS grow by 44.1%. If the dividend continues along recent trends, we estimate the payout ratio will be 65%, which is in the range that makes us comfortable with the sustainability of the dividend.</p>
<div class="lb-trans"><p>明年每股收益預計將增長 44.1%。如果股息繼續沿着最近的趨勢發展，我們估計支付比率將為 65%，這在讓我們對股息的可持續性感到放心的範圍內。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/5467851-historic-dividend-1-dark/1743142860866" alt="" original-src="https://images.simplywall.st/asset/chart/5467851-historic-dividend-1-dark/1743142860866"/></p>
<p>SGX:F34 Historic Dividend March 28th 2025</p>
<div class="lb-trans"><p>SGX:F34 歷史股息 2025 年 3 月 28 日</p>
</div><p>See our latest analysis for Wilmar International</p>
<div class="lb-trans"><p>查看我們對豐益國際的最新分析</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. Since 2015, the dividend has gone from $0.0551 total annually to $0.118. This implies that the company grew its distributions at a yearly rate of about 7.9% over that duration. We have seen cuts in the past, so while the growth looks promising we would be a little bit cautious about its track record.</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。自 2015 年以來，股息從每年總計$0.0551 增長到$0.118。這意味着公司在此期間以約 7.9% 的年率增長其分配。我們在過去見過削減，因此儘管增長看起來很有前景，但我們對其過往記錄會稍顯謹慎。</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>Given that the dividend has been cut in the past, we need to check if earnings are growing and if that might lead to stronger dividends in the future. Wilmar International hasn't seen much change in its earnings per share over the last five years.</p>
<div class="lb-trans"><p>鑑於過去曾削減股息，我們需要檢查收益是否在增長，以及這是否可能導致未來更強的股息。豐益國際在過去五年中每股收益變化不大。</p>
</div><h2>The Dividend Could Prove To Be Unreliable</h2>
<div class="lb-trans"><h2>股息可能被證明不可靠</h2>
</div><p>Overall, it's not great to see that the dividend has been cut, but this might be explained by the payments being a bit high previously. While the low payout ratio is a redeeming feature, this is offset by the minimal cash to cover the payments. We would be a touch cautious of relying on this stock primarily for the dividend income.</p>
<div class="lb-trans"><p>總體而言，看到股息被削減並不理想，但這可能是由於之前的支付略高。雖然低支付比率是一個值得稱道的特點，但這被覆蓋支付的最低現金所抵消。我們對主要依賴該股票獲取股息收入持謹慎態度。</p>
</div><p>Investors generally tend to favour companies with a consistent, stable dividend policy as opposed to those operating an irregular one. However, there are other things to consider for investors when analysing stock performance. Just as an example, we've come across <strong>2 warning signs for Wilmar International</strong> you should be aware of, and 1 of them is a bit unpleasant. 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>投資者通常傾向於青睞具有一致、穩定股息政策的公司，而不是那些運營不規律的公司。然而，在分析股票表現時，投資者還有其他因素需要考慮。舉個例子，我們發現 <strong>豐益國際的 2 個警告信號</strong>，其中一個有點不愉快。如果您是股息投資者，您可能還想查看我們 <strong>精心挑選的高收益股息股票列表。</strong></p>
</div>

豐益國際（SGX:F34）宣佈派發每股 0.10 美元的股息