<p>常規讀者會知道，我們在 Simply Wall St 非常喜歡股息，因此看到 <strong>清水建設公司</strong>（TSE:1803）將在接下來的 3 天內除息，令人興奮。除息日通常發生在記錄日的前兩天，記錄日是股東需要在公司賬簿上以便獲得股息的那一天。除息日很重要，因為每當股票被買入或賣出時，交易可能需要兩個工作日或更長時間才能結算。這意味着在 9 月 29 日或之後購買清水的股票的投資者將無法獲得將在 12 月 3 日支付的股息。</p>
<p>該公司的下一次股息支付將為每股 JP¥22.00。去年，該公司總共向股東分配了 JP¥44.00。根據去年的支付情況，清水的當前股價為 JP¥2114.00，股息收益率為 2.1%。如果您購買這家公司的股票是為了股息，您應該瞭解清水的股息是否可靠和可持續。因此，讀者應該始終檢查清水是否能夠增加其股息，或者股息是否可能被削減。</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>
<p>股息通常是從公司收入中支付的，因此如果一家公司支付的股息超過其收入，其股息通常面臨更高的削減風險。幸運的是，清水的派息比率適中，僅為利潤的 35%。儘管如此，即使是盈利能力強的公司，有時也可能無法產生足夠的現金來支付股息，這就是為什麼我們應該始終檢查股息是否由現金流覆蓋的原因。幸運的是，去年它僅支付了 13% 的自由現金流。</p>
<p>看到股息由利潤和現金流覆蓋令人鼓舞。這通常表明股息是可持續的，只要收益沒有急劇下降。</p>
<p>查看我們對清水的最新分析</p>
<p>點擊這裏查看公司的派息比率，以及分析師對其未來股息的估計。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/875399-historic-dividend-1-dark-2/1758766416806?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/875399-historic-dividend-1-dark-2/1758766416806"/></p>
<p>TSE:1803 歷史股息 2025 年 9 月 25 日</p>
<h2>收益和股息是否在增長？</h2>
<p>從股息的角度來看，收益下降的企業是棘手的。投資者喜歡股息，因此如果收益下降而股息減少，預計股票會同時被大量拋售。這就是為什麼看到清水的每股收益在過去五年中每年下降 3.0% 並不理想。</p>
<p>大多數投資者評估公司股息前景的主要方式是檢查歷史股息增長率。自我們數據開始以來，清水的股息平均每年增長約 20%。</p>
<h2>總結</h2>
<p>清水值得為了股息而購買嗎？每股收益顯著下降，儘管至少該公司支付的收益和現金流的比例較低且保守。看到收益下降並不理想，但至少在股息需要被削減之前可能還有一些緩衝。總體而言，這並不是一個糟糕的組合，但我們認為可能還有更具吸引力的股息前景。</p>
<p>鑑於此，雖然清水的股息吸引人，但瞭解這隻股票所涉及的風險是值得的。我們的分析顯示 <strong>清水有 2 個警告信號</strong>，在購買任何股票之前，您應該瞭解這些信號。</p>
<p>通常，我們不會建議您僅僅購買您看到的第一隻股息股票。這裏有 <strong>一份精選的強股息支付股票清單。</strong></p>

1803

<p>清水建設株式會社（TSE:1803）將在 3 天后除息，12 月 3 日每股派發股息為 22 日元。根據去年的總分配 44 日元，該公司的 trailing yield 為 2.1%。清水的派息比率為利潤的 35% 和自由現金流的 13%，這表明股息是可持續的。然而，過去五年每股收益年均下降 3.0%，引發了對未來股息穩定性的擔憂。投資者在購買股票之前應注意潛在風險</p>

<p>Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see <strong>Shimizu Corporation</strong> (TSE:1803) is about to trade ex-dividend in the next 3 days. The ex-dividend date generally occurs two days before the record date, which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade can take two business days or more to settle. This means that investors who purchase Shimizu's shares on or after the 29th of September will not receive the dividend, which will be paid on the 3rd of December.</p>
<div class="lb-trans"><p>常規讀者會知道，我們在 Simply Wall St 非常喜歡股息，因此看到 <strong>清水建設公司</strong>（TSE:1803）將在接下來的 3 天內除息，令人興奮。除息日通常發生在記錄日的前兩天，記錄日是股東需要在公司賬簿上以便獲得股息的那一天。除息日很重要，因為每當股票被買入或賣出時，交易可能需要兩個工作日或更長時間才能結算。這意味着在 9 月 29 日或之後購買清水的股票的投資者將無法獲得將在 12 月 3 日支付的股息。</p>
</div><p>The company's next dividend payment will be JP¥22.00 per share. Last year, in total, the company distributed JP¥44.00 to shareholders. Based on the last year's worth of payments, Shimizu has a trailing yield of 2.1% on the current stock price of JP¥2114.00. If you buy this business for its dividend, you should have an idea of whether Shimizu's dividend is reliable and sustainable. As a result, readers should always check whether Shimizu has been able to grow its dividends, or if the dividend might be cut.</p>
<div class="lb-trans"><p>該公司的下一次股息支付將為每股 JP¥22.00。去年，該公司總共向股東分配了 JP¥44.00。根據去年的支付情況，清水的當前股價為 JP¥2114.00，股息收益率為 2.1%。如果您購買這家公司的股票是為了股息，您應該瞭解清水的股息是否可靠和可持續。因此，讀者應該始終檢查清水是否能夠增加其股息，或者股息是否可能被削減。</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><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. Fortunately Shimizu's payout ratio is modest, at just 35% of profit. That said, even highly profitable companies sometimes might not generate enough cash to pay the dividend, which is why we should always check if the dividend is covered by cash flow. Luckily it paid out just 13% of its free cash flow last year.</p>
<div class="lb-trans"><p>股息通常是從公司收入中支付的，因此如果一家公司支付的股息超過其收入，其股息通常面臨更高的削減風險。幸運的是，清水的派息比率適中，僅為利潤的 35%。儘管如此，即使是盈利能力強的公司，有時也可能無法產生足夠的現金來支付股息，這就是為什麼我們應該始終檢查股息是否由現金流覆蓋的原因。幸運的是，去年它僅支付了 13% 的自由現金流。</p>
</div><p>It's encouraging to see that the dividend is covered by both profit and cash flow. This generally suggests the dividend is sustainable, as long as earnings don't drop precipitously.</p>
<div class="lb-trans"><p>看到股息由利潤和現金流覆蓋令人鼓舞。這通常表明股息是可持續的，只要收益沒有急劇下降。</p>
</div><p>View our latest analysis for Shimizu</p>
<div class="lb-trans"><p>查看我們對清水的最新分析</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>點擊這裏查看公司的派息比率，以及分析師對其未來股息的估計。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/875399-historic-dividend-1-dark-2/1758766416806" alt="" original-src="https://images.simplywall.st/asset/chart/875399-historic-dividend-1-dark-2/1758766416806"/></p>
<p>TSE:1803 Historic Dividend September 25th 2025</p>
<div class="lb-trans"><p>TSE:1803 歷史股息 2025 年 9 月 25 日</p>
</div><h2>Have Earnings And Dividends Been Growing?</h2>
<div class="lb-trans"><h2>收益和股息是否在增長？</h2>
</div><p>Businesses with shrinking earnings are tricky from a dividend perspective. Investors love dividends, so if earnings fall and the dividend is reduced, expect a stock to be sold off heavily at the same time. That's why it's not ideal to see Shimizu's earnings per share have been shrinking at 3.0% a year over the previous five years.</p>
<div class="lb-trans"><p>從股息的角度來看，收益下降的企業是棘手的。投資者喜歡股息，因此如果收益下降而股息減少，預計股票會同時被大量拋售。這就是為什麼看到清水的每股收益在過去五年中每年下降 3.0% 並不理想。</p>
</div><p>The main way most investors will assess a company's dividend prospects is by checking the historical rate of dividend growth. Since the start of our data, 10 years ago, Shimizu has lifted its dividend by approximately 20% a year on average.</p>
<div class="lb-trans"><p>大多數投資者評估公司股息前景的主要方式是檢查歷史股息增長率。自我們數據開始以來，清水的股息平均每年增長約 20%。</p>
</div><h2>To Sum It Up</h2>
<div class="lb-trans"><h2>總結</h2>
</div><p>Is Shimizu worth buying for its dividend? Earnings per share are down meaningfully, although at least the company is paying out a low and conservative percentage of both its earnings and cash flow. It's definitely not great to see earnings falling, but at least there may be some buffer before the dividend needs to be cut. Overall, it's not a bad combination, but we feel that there are likely more attractive dividend prospects out there.</p>
<div class="lb-trans"><p>清水值得為了股息而購買嗎？每股收益顯著下降，儘管至少該公司支付的收益和現金流的比例較低且保守。看到收益下降並不理想，但至少在股息需要被削減之前可能還有一些緩衝。總體而言，這並不是一個糟糕的組合，但我們認為可能還有更具吸引力的股息前景。</p>
</div><p>In light of that, while Shimizu has an appealing dividend, it's worth knowing the risks involved with this stock. Our analysis shows <strong>2 warning signs for Shimizu</strong> and you should be aware of these before buying any shares.</p>
<div class="lb-trans"><p>鑑於此，雖然清水的股息吸引人，但瞭解這隻股票所涉及的風險是值得的。我們的分析顯示 <strong>清水有 2 個警告信號</strong>，在購買任何股票之前，您應該瞭解這些信號。</p>
</div><p>Generally, we wouldn't recommend just buying the first dividend stock you see. Here's <strong>a curated list of interesting stocks that are strong dividend payers.</strong></p>
<div class="lb-trans"><p>通常，我們不會建議您僅僅購買您看到的第一隻股息股票。這裏有 <strong>一份精選的強股息支付股票清單。</strong></p>
</div>

收入投資者應注意，清水建設株式會社（TSE:1803）即將除息