<p><strong>禧瑪諾公司</strong> (TSE:7309) 宣佈將於 3 月 30 日支付每股¥169.50 的股息。這將使股息收益率達到吸引人的 2.1%，為股東回報提供了良好的提升。</p>
<p>人工智能即將改變醫療保健。這 20 只股票正在從早期診斷到藥物發現等各個方面進行工作。最棒的是——它們的市值都在 100 億美元以下——現在仍然有機會提前入場。</p>
<h2>禧瑪諾的預計收益似乎足以覆蓋未來的分配</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，那就無所謂。在發佈這一公告之前，禧瑪諾支付了相當大比例的收益和現金流，股息佔現金流的 152%。支付如此高比例的現金流可能會使企業在面臨挑戰時需要削減股息。</p>
<p>預計每股收益將在未來一年內增長 24.9%。假設股息繼續沿着近期趨勢發展，我們的估計顯示支付比率可能達到 84%——雖然偏高，但我們並不一定認為這不可持續。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/878671-historic-dividend-1-dark-2/1758501392324?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/878671-historic-dividend-1-dark-2/1758501392324"/></p>
<p>TSE:7309 歷史股息 2025 年 9 月 22 日</p>
<p>查看我們對禧瑪諾的最新分析</p>
<h2>禧瑪諾有着良好的業績記錄</h2>
<p>該公司已經支付股息很長時間，並且相當穩定，這讓我們對未來的股息潛力充滿信心。自 2015 年以來，股息從每年總計¥105.00 增長到¥339.00。這意味着公司在此期間以約 12% 的年率增長其分配。看到股息有強勁增長，並且很長時間沒有削減，真是令人欣慰。</p>
<h2>股息增長可能難以實現</h2>
<p>過去幾年持有該公司股票的投資者會對他們所獲得的股息收入感到滿意。不幸的是，情況並不像看起來那麼好。禧瑪諾的每股收益在過去五年中每年下降 7.8%。收益的適度下降並不好，這使得未來股息增長的可能性相當小，除非這一趨勢能夠逆轉。預計未來一年收益將增長，但在建立收益增長的記錄之前，我們仍然保持謹慎。</p>
<h2>禧瑪諾的股息看起來不可持續</h2>
<p>總體而言，我們總是希望看到股息的提高，但我們認為禧瑪諾不會成為一個優秀的收入股票。我們不能否認支付非常穩定，但我們對非常高的支付比率有些擔憂。總體而言，我們認為這家公司並不具備成為優秀收入股票的潛力。</p>
<p>值得注意的是，擁有一致股息政策的公司將比那些不穩定的公司產生更大的投資者信心。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，它們並不是我們讀者應該瞭解的唯一因素。舉個例子：我們發現了 <strong>禧瑪諾的 3 個警告信號</strong>（其中 1 個讓我們有些不安！）你應該知道。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清單。</strong></p>

禧瑪諾(ADR)

<p>Shimano Inc.（東京證券交易所代碼：7309）宣佈每股派息 169.50 日元，收益率為 2.1%，將於 3 月 30 日支付。儘管公司有穩定的分紅歷史，但由於派息比率較高，分紅佔現金流的 152%，引發了擔憂。預計明年的每股收益將增長 24.9%，但過去收益的下降引發了可持續性的問題。雖然公司有良好的業績記錄，但高派息比率和近期收益的下降對分紅投資者來説建議保持謹慎</p>

<p><strong>Shimano Inc.</strong> (TSE:7309) has announced that it will pay a dividend of ¥169.50 per share on the 30th of March. This will take the dividend yield to an attractive 2.1%, providing a nice boost to shareholder returns.</p>
<div class="lb-trans"><p><strong>禧瑪諾公司</strong> (TSE:7309) 宣佈將於 3 月 30 日支付每股¥169.50 的股息。這將使股息收益率達到吸引人的 2.1%，為股東回報提供了良好的提升。</p>
</div><p>AI is about to change healthcare. These 20 stocks are working on everything from early diagnostics to drug discovery. The best part - they are all under $10bn in marketcap - there is still time to get in early.</p>
<div class="lb-trans"><p>人工智能即將改變醫療保健。這 20 只股票正在從早期診斷到藥物發現等各個方面進行工作。最棒的是——它們的市值都在 100 億美元以下——現在仍然有機會提前入場。</p>
</div><h2>Shimano's Projected Earnings Seem Likely To Cover Future Distributions</h2>
<div class="lb-trans"><h2>禧瑪諾的預計收益似乎足以覆蓋未來的分配</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, Shimano was paying out quite a large proportion of both earnings and cash flow, with the dividend being 152% of cash flows. Paying out such a high proportion of cash flows can expose the business to needing to cut the dividend if the business runs into some challenges.</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，那就無所謂。在發佈這一公告之前，禧瑪諾支付了相當大比例的收益和現金流，股息佔現金流的 152%。支付如此高比例的現金流可能會使企業在面臨挑戰時需要削減股息。</p>
</div><p>Earnings per share is forecast to rise by 24.9% over the next year. Assuming the dividend continues along recent trends, our estimates say the payout ratio could reach 84% - on the higher side, but we wouldn't necessarily say this is unsustainable.</p>
<div class="lb-trans"><p>預計每股收益將在未來一年內增長 24.9%。假設股息繼續沿着近期趨勢發展，我們的估計顯示支付比率可能達到 84%——雖然偏高，但我們並不一定認為這不可持續。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/878671-historic-dividend-1-dark-2/1758501392324" alt="" original-src="https://images.simplywall.st/asset/chart/878671-historic-dividend-1-dark-2/1758501392324"/></p>
<p>TSE:7309 Historic Dividend September 22nd 2025</p>
<div class="lb-trans"><p>TSE:7309 歷史股息 2025 年 9 月 22 日</p>
</div><p>Check out our latest analysis for Shimano</p>
<div class="lb-trans"><p>查看我們對禧瑪諾的最新分析</p>
</div><h2>Shimano Has A Solid Track Record</h2>
<div class="lb-trans"><h2>禧瑪諾有着良好的業績記錄</h2>
</div><p>The company has been paying a dividend for a long time, and it has been quite stable which gives us confidence in the future dividend potential. Since 2015, the dividend has gone from ¥105.00 total annually to ¥339.00. This implies that the company grew its distributions at a yearly rate of about 12% over that duration. It is good to see that there has been strong dividend growth, and that there haven't been any cuts for a long time.</p>
<div class="lb-trans"><p>該公司已經支付股息很長時間，並且相當穩定，這讓我們對未來的股息潛力充滿信心。自 2015 年以來，股息從每年總計¥105.00 增長到¥339.00。這意味着公司在此期間以約 12% 的年率增長其分配。看到股息有強勁增長，並且很長時間沒有削減，真是令人欣慰。</p>
</div><h2>Dividend Growth May Be Hard To Come By</h2>
<div class="lb-trans"><h2>股息增長可能難以實現</h2>
</div><p>Investors who have held shares in the company for the past few years will be happy with the dividend income they have received. Unfortunately things aren't as good as they seem. Shimano has seen earnings per share falling at 7.8% per year over the last five years. A modest decline in earnings isn't great, and it makes it quite unlikely that the dividend will grow in the future unless that trend can be reversed. Earnings are predicted to grow over the next year, but we would remain cautious until a track record of earnings growth is established.</p>
<div class="lb-trans"><p>過去幾年持有該公司股票的投資者會對他們所獲得的股息收入感到滿意。不幸的是，情況並不像看起來那麼好。禧瑪諾的每股收益在過去五年中每年下降 7.8%。收益的適度下降並不好，這使得未來股息增長的可能性相當小，除非這一趨勢能夠逆轉。預計未來一年收益將增長，但在建立收益增長的記錄之前，我們仍然保持謹慎。</p>
</div><h2>Shimano's Dividend Doesn't Look Sustainable</h2>
<div class="lb-trans"><h2>禧瑪諾的股息看起來不可持續</h2>
</div><p>Overall, we always like to see the dividend being raised, but we don't think Shimano will make a great income stock. We can't deny that the payments have been very stable, but we are a little bit worried about the very high payout ratio. Overall, we don't think this company has the makings of a good income stock.</p>
<div class="lb-trans"><p>總體而言，我們總是希望看到股息的提高，但我們認為禧瑪諾不會成為一個優秀的收入股票。我們不能否認支付非常穩定，但我們對非常高的支付比率有些擔憂。總體而言，我們認為這家公司並不具備成為優秀收入股票的潛力。</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. Case in point: We've spotted <strong>3 warning signs for Shimano</strong> (of which 1 makes us a bit uncomfortable!) you should know about. 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>值得注意的是，擁有一致股息政策的公司將比那些不穩定的公司產生更大的投資者信心。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，它們並不是我們讀者應該瞭解的唯一因素。舉個例子：我們發現了 <strong>禧瑪諾的 3 個警告信號</strong>（其中 1 個讓我們有些不安！）你應該知道。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清單。</strong></p>
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禧瑪諾（東京證券交易所代碼：7309）宣佈將派發每股 169.50 日元的股息