<p><strong>永電工業株式會社</strong> (TSE:1939) 宣佈將於 12 月 1 日支付每股¥32.00 的股息，較去年同期的股息有所減少。該股息收益率仍高於行業平均水平，達到 4.8%。</p>
<p>這項技術可能會取代計算機：發現 20 只正在努力使量子計算成為現實的股票。</p>
<h2>永電的未來股息預測似乎得到了盈利的良好支持</h2>
<p>我們喜歡看到穩健的股息收益率，但如果支付不可持續，這就沒有意義。在發佈此公告之前，永電的盈利足以覆蓋股息，但並未產生任何自由現金流。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>展望未來，如果過去幾年的趨勢持續，預計每股收益將在明年增長 14.3%。如果股息繼續沿着近期趨勢發展，我們估計支付比率將為 66%，這在我們認為股息可持續的範圍內。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/880757-historic-dividend-1-dark-2/1754533807102?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/880757-historic-dividend-1-dark-2/1754533807102"/></p>
<p>TSE:1939 歷史股息 2025 年 8 月 7 日</p>
<p>查看我們對永電的最新分析</p>
<h2>股息波動性</h2>
<p>該公司有着悠久的股息記錄，但過去的削減使得情況並不理想。股息從 2015 年的年總額¥8.33 增長到最近的年總支付¥65.00。這意味着公司在此期間的分配年增長率約為 23%。儘管股息在這段時間內快速增長，但由於過去的削減，我們不確定這隻股票在未來是否會成為可靠的收入來源。</p>
<h2>股息看起來可能會增長</h2>
<p>鑑於過去曾削減股息，我們需要檢查盈利是否在增長，以及這是否可能導致未來更強的股息。永電的每股收益在過去五年中以每年 14% 的速度增長。該公司將大量現金作為股息支付，但根據支付比率來看，情況似乎還不錯。</p>
<h2>我們對永電股息的看法</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肯定的特點，但這被覆蓋支付的現金極少所抵消。該公司並不在提供收入的股票的頂級行列。</p>
<p>需要注意的是，擁有一致股息政策的公司將比那些不穩定的公司更能獲得投資者的信心。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，這並不是我們讀者需要了解的唯一因素。例如，我們已經識別出 <strong>永電的 1 個警示信號</strong>，在投資前你應該瞭解。永電是否不是你所尋找的機會？為什麼不查看我們 <strong>精選的頂級股息股票</strong> 呢？</p>

1939

<p>永電工株式會社 (TSE:1939) 將於 12 月 1 日支付減少至 32.00 日元的股息，低於去年的支付水平。儘管有所削減，但其收益率仍高於行業平均水平，達到 4.8%。該公司有股息波動的歷史，曾多次削減股息，但預計明年的每股收益將增長 14.3%。預計派息比率為 66%，表明潛在的可持續性。然而，由於現金流較少，仍然存在擔憂，使得永電工作為股息股票的可靠性降低</p>

<p><strong>Yondenko Corporation</strong> (TSE:1939) has announced that on 1st of December, it will be paying a dividend of¥32.00, which a reduction from last year's comparable dividend. The yield is still above the industry average at 4.8%.</p>
<div class="lb-trans"><p><strong>永電工業株式會社</strong> (TSE:1939) 宣佈將於 12 月 1 日支付每股¥32.00 的股息，較去年同期的股息有所減少。該股息收益率仍高於行業平均水平，達到 4.8%。</p>
</div><p>This technology could replace computers: discover the 20 stocks are working to make quantum computing a reality.</p>
<div class="lb-trans"><p>這項技術可能會取代計算機：發現 20 只正在努力使量子計算成為現實的股票。</p>
</div><h2>Yondenko's Future Dividend Projections Appear Well Covered By Earnings</h2>
<div class="lb-trans"><h2>永電的未來股息預測似乎得到了盈利的良好支持</h2>
</div><p>We like to see robust dividend yields, but that doesn't matter if the payment isn't sustainable. Before making this announcement, Yondenko was earning enough to cover the dividend, but it wasn't generating any free cash flows. 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>我們喜歡看到穩健的股息收益率，但如果支付不可持續，這就沒有意義。在發佈此公告之前，永電的盈利足以覆蓋股息，但並未產生任何自由現金流。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>Looking forward, earnings per share could rise by 14.3% over the next year if the trend from the last few years continues. If the dividend continues along recent trends, we estimate the payout ratio will be 66%, which is in the range that makes us comfortable with the sustainability of the dividend.</p>
<div class="lb-trans"><p>展望未來，如果過去幾年的趨勢持續，預計每股收益將在明年增長 14.3%。如果股息繼續沿着近期趨勢發展，我們估計支付比率將為 66%，這在我們認為股息可持續的範圍內。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/880757-historic-dividend-1-dark-2/1754533807102" alt="" original-src="https://images.simplywall.st/asset/chart/880757-historic-dividend-1-dark-2/1754533807102"/></p>
<p>TSE:1939 Historic Dividend August 7th 2025</p>
<div class="lb-trans"><p>TSE:1939 歷史股息 2025 年 8 月 7 日</p>
</div><p>See our latest analysis for Yondenko</p>
<div class="lb-trans"><p>查看我們對永電的最新分析</p>
</div><h2>Dividend Volatility</h2>
<div class="lb-trans"><h2>股息波動性</h2>
</div><p>The company has a long dividend track record, but it doesn't look great with cuts in the past. The dividend has gone from an annual total of ¥8.33 in 2015 to the most recent total annual payment of ¥65.00. This implies that the company grew its distributions at a yearly rate of about 23% over that duration. Dividends have grown rapidly over this time, but with cuts in the past we are not certain that this stock will be a reliable source of income in the future.</p>
<div class="lb-trans"><p>該公司有着悠久的股息記錄，但過去的削減使得情況並不理想。股息從 2015 年的年總額¥8.33 增長到最近的年總支付¥65.00。這意味着公司在此期間的分配年增長率約為 23%。儘管股息在這段時間內快速增長，但由於過去的削減，我們不確定這隻股票在未來是否會成為可靠的收入來源。</p>
</div><h2>The Dividend Looks Likely To Grow</h2>
<div class="lb-trans"><h2>股息看起來可能會增長</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. Yondenko has seen EPS rising for the last five years, at 14% per annum. The company is paying out a lot of its cash as a dividend, but it looks okay based on the payout ratio.</p>
<div class="lb-trans"><p>鑑於過去曾削減股息，我們需要檢查盈利是否在增長，以及這是否可能導致未來更強的股息。永電的每股收益在過去五年中以每年 14% 的速度增長。該公司將大量現金作為股息支付，但根據支付比率來看，情況似乎還不錯。</p>
</div><h2>Our Thoughts On Yondenko's Dividend</h2>
<div class="lb-trans"><h2>我們對永電股息的看法</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. This company is not in the top tier of income providing stocks.</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肯定的特點，但這被覆蓋支付的現金極少所抵消。該公司並不在提供收入的股票的頂級行列。</p>
</div><p>It's important to note that companies having a consistent dividend policy will generate greater investor confidence than those having an erratic one. Meanwhile, despite the importance of dividend payments, they are not the only factors our readers should know when assessing a company. As an example, we've identified <strong>1 warning sign for Yondenko</strong> that you should be aware of before investing. Is Yondenko not quite the opportunity you were looking for? Why not check out our <strong>selection of top dividend stocks.</strong></p>
<div class="lb-trans"><p>需要注意的是，擁有一致股息政策的公司將比那些不穩定的公司更能獲得投資者的信心。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，這並不是我們讀者需要了解的唯一因素。例如，我們已經識別出 <strong>永電的 1 個警示信號</strong>，在投資前你應該瞭解。永電是否不是你所尋找的機會？為什麼不查看我們 <strong>精選的頂級股息股票</strong> 呢？</p>
</div>

Yondenko（東京證券交易所代碼：1939）今年將支付比去年更少的股息