<p><strong>米明生活百貨控股有限公司</strong> (HKG:8473) 將在接下來的 4 天內開始除息。通常，除息日期是在記錄日期之前的兩個工作日，記錄日期是公司確定有資格獲得股息的股東的日期。瞭解除息日期非常重要，因為任何股票交易都需要在記錄日期之前結算。因此，米明生活百貨控股的投資者如果在 10 月 14 日或之後購買該股票，將無法獲得將在 1 月 1 日支付的股息。</p>
<p>該公司的下一次股息支付將為每股港幣 0.025 元，基於去年公司向股東支付的總額為港幣 0.012 元。根據去年的支付情況，米明生活百貨控股的股票在當前股價港幣 0.163 上，具有約 7.4% 的歷史收益率。股息是長期持有者投資回報的重要組成部分，但前提是股息能夠持續支付。因此，讀者應始終檢查米明生活百貨控股是否能夠增加其股息，或者股息是否可能被削減。</p>
<p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
<p>股息通常來自公司的盈利。如果一家公司支付的股息超過其利潤，那麼該股息可能是不可持續的。265% 的異常高支付比率表明，除了通常的利潤分配給股東之外，可能發生了其他事情。也就是説，即使是盈利豐厚的公司，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。在過去一年中，它支付了 68% 的自由現金流作為股息，這在大多數公司的正常範圍內。</p>
<p>看到米明生活百貨控股的股息雖然未能由利潤覆蓋，但至少從現金的角度來看是可承受的，這一點很好。不過，如果公司反覆支付超過其利潤的股息，我們會感到擔憂。極少數公司能夠持續支付超過其利潤的股息。</p>
<p>查看我們對米明生活百貨控股的最新分析</p>
<p>點擊這裏查看米明生活百貨控股在過去 12 個月中支付了多少利潤。</p>
<p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/551046845-historic-dividend-1-dark-2/1760048908807?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/551046845-historic-dividend-1-dark-2/1760048908807"/></p>
<p>SEHK:8473 歷史股息 2025 年 10 月 9 日</p>
<h2>盈利和股息是否在增長？</h2>
<p>當盈利下降時，股息公司變得更難以分析和安全持有。如果業務進入低迷期並削減股息，公司可能會看到其價值急劇下降。考慮到這一點，我們對米明生活百貨控股過去五年每年 20% 的盈利下降感到不安。如此劇烈的下降使人對未來股息的可持續性產生懷疑。</p>
<p>衡量公司股息前景的另一個關鍵方法是衡量其歷史股息增長率。米明生活百貨控股的每股股息支付在過去七年中平均下降了 5.6%，這並不令人鼓舞。雖然每股盈利和股息在最近幾年下降並不理想，但我們對管理層削減股息而不是冒險過度承諾公司的做法感到欣慰，以避免在維持股東收益方面的風險。</p>
<h2>結論</h2>
<p>米明生活百貨控股是否具備維持其股息支付的能力？看到公司的每股盈利下滑並不愉快。此外，米明生活百貨控股支付了大部分盈利和超過一半的自由現金流。很難説該業務是否有財務資源和時間在不削減股息的情況下扭轉局面。總體來看，這似乎不是一個適合長期買入持有投資者的股息股票。</p>
<p>話雖如此，如果你仍在考慮米明生活百貨控股作為投資，瞭解該股票面臨的風險將對你有所幫助。請注意，米明生活百貨控股在我們的投資分析中顯示出 <strong>4 個警告信號</strong>，其中 1 個信號有點不愉快……</p>
<p>一般來説，我們不建議僅僅購買你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列表。</strong></p>

彌明生活百貨

<p>彌明生活百貨控股有限公司（HKG:8473）將在 4 天后除息，計劃於 1 月 1 日支付每股 0.025 港元的股息。該公司的歷史收益率為 7.4%，但其派息比率令人擔憂，達到了 265% 的利潤。儘管股息由現金流覆蓋，但公司在過去五年中盈利下降了 20%，股息支付的平均下降幅度為 5.6%。這引發了對未來股息可持續性的質疑，使其對長期投資者的吸引力降低</p>

<p><strong>Mi Ming Mart Holdings Limited</strong> (HKG:8473) is about to trade ex-dividend in the next 4 days. Typically, the ex-dividend date is two business days before the record date, which is the date on which a company determines the shareholders eligible to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Accordingly, Mi Ming Mart Holdings investors that purchase the stock on or after the 14th of October will not receive the dividend, which will be paid on the 1st of January.</p>
<div class="lb-trans"><p><strong>米明生活百貨控股有限公司</strong> (HKG:8473) 將在接下來的 4 天內開始除息。通常，除息日期是在記錄日期之前的兩個工作日，記錄日期是公司確定有資格獲得股息的股東的日期。瞭解除息日期非常重要，因為任何股票交易都需要在記錄日期之前結算。因此，米明生活百貨控股的投資者如果在 10 月 14 日或之後購買該股票，將無法獲得將在 1 月 1 日支付的股息。</p>
</div><p>The company's next dividend payment will be HK$0.025 per share, on the back of last year when the company paid a total of HK$0.012 to shareholders. Based on the last year's worth of payments, Mi Ming Mart Holdings stock has a trailing yield of around 7.4% on the current share price of HK$0.163. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether Mi Ming Mart Holdings 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港幣 0.025 元，基於去年公司向股東支付的總額為港幣 0.012 元。根據去年的支付情況，米明生活百貨控股的股票在當前股價港幣 0.163 上，具有約 7.4% 的歷史收益率。股息是長期持有者投資回報的重要組成部分，但前提是股息能夠持續支付。因此，讀者應始終檢查米明生活百貨控股是否能夠增加其股息，或者股息是否可能被削減。</p>
</div><p>We've found 21 US stocks that are forecast to pay a dividend yield of over 6% next year. See the full list for free.</p>
<div class="lb-trans"><p>我們發現 21 只美國股票預計明年將支付超過 6% 的股息收益率。查看完整列表，免費獲取。</p>
</div><p>Dividends are typically paid from company earnings. If a company pays more in dividends than it earned in profit, then the dividend could be unsustainable. An unusually high payout ratio of 265% of its profit suggests something is happening other than the usual distribution of profits to shareholders. 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. Over the last year it paid out 68% of its free cash flow as dividends, within the usual range for most companies.</p>
<div class="lb-trans"><p>股息通常來自公司的盈利。如果一家公司支付的股息超過其利潤，那麼該股息可能是不可持續的。265% 的異常高支付比率表明，除了通常的利潤分配給股東之外，可能發生了其他事情。也就是説，即使是盈利豐厚的公司，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。在過去一年中，它支付了 68% 的自由現金流作為股息，這在大多數公司的正常範圍內。</p>
</div><p>It's good to see that while Mi Ming Mart Holdings's dividends were not covered by profits, at least they are affordable from a cash perspective. Still, if the company repeatedly paid a dividend greater than its profits, we'd be concerned. Extraordinarily few companies are capable of persistently paying a dividend that is greater than their profits.</p>
<div class="lb-trans"><p>看到米明生活百貨控股的股息雖然未能由利潤覆蓋，但至少從現金的角度來看是可承受的，這一點很好。不過，如果公司反覆支付超過其利潤的股息，我們會感到擔憂。極少數公司能夠持續支付超過其利潤的股息。</p>
</div><p>View our latest analysis for Mi Ming Mart Holdings</p>
<div class="lb-trans"><p>查看我們對米明生活百貨控股的最新分析</p>
</div><p>Click here to see how much of its profit Mi Ming Mart Holdings paid out over the last 12 months.</p>
<div class="lb-trans"><p>點擊這裏查看米明生活百貨控股在過去 12 個月中支付了多少利潤。</p>
</div><p><img src="https://imageproxy.pbkrs.com/https://images.simplywall.st/asset/chart/551046845-historic-dividend-1-dark-2/1760048908807" alt="" original-src="https://images.simplywall.st/asset/chart/551046845-historic-dividend-1-dark-2/1760048908807"/></p>
<p>SEHK:8473 Historic Dividend October 9th 2025</p>
<div class="lb-trans"><p>SEHK:8473 歷史股息 2025 年 10 月 9 日</p>
</div><h2>Have Earnings And Dividends Been Growing?</h2>
<div class="lb-trans"><h2>盈利和股息是否在增長？</h2>
</div><p>When earnings decline, dividend companies become much harder to analyse and own safely. If business enters a downturn and the dividend is cut, the company could see its value fall precipitously. With that in mind, we're discomforted by Mi Ming Mart Holdings's 20% per annum decline in earnings in the past five years. Such a sharp decline casts doubt on the future sustainability of the dividend.</p>
<div class="lb-trans"><p>當盈利下降時，股息公司變得更難以分析和安全持有。如果業務進入低迷期並削減股息，公司可能會看到其價值急劇下降。考慮到這一點，我們對米明生活百貨控股過去五年每年 20% 的盈利下降感到不安。如此劇烈的下降使人對未來股息的可持續性產生懷疑。</p>
</div><p>Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. Mi Ming Mart Holdings's dividend payments per share have declined at 5.6% per year on average over the past seven years, which is uninspiring. While it's not great that earnings and dividends per share have fallen in recent years, we're encouraged by the fact that management has trimmed the dividend rather than risk over-committing the company in a risky attempt to maintain yields to shareholders.</p>
<div class="lb-trans"><p>衡量公司股息前景的另一個關鍵方法是衡量其歷史股息增長率。米明生活百貨控股的每股股息支付在過去七年中平均下降了 5.6%，這並不令人鼓舞。雖然每股盈利和股息在最近幾年下降並不理想，但我們對管理層削減股息而不是冒險過度承諾公司的做法感到欣慰，以避免在維持股東收益方面的風險。</p>
</div><h2>The Bottom Line</h2>
<div class="lb-trans"><h2>結論</h2>
</div><p>Has Mi Ming Mart Holdings got what it takes to maintain its dividend payments? It's never fun to see a company's earnings per share in retreat. What's more, Mi Ming Mart Holdings is paying out a majority of its earnings and over half its free cash flow. It's hard to say if the business has the financial resources and time to turn things around without cutting the dividend. Overall it doesn't look like the most suitable dividend stock for a long-term buy and hold investor.</p>
<div class="lb-trans"><p>米明生活百貨控股是否具備維持其股息支付的能力？看到公司的每股盈利下滑並不愉快。此外，米明生活百貨控股支付了大部分盈利和超過一半的自由現金流。很難説該業務是否有財務資源和時間在不削減股息的情況下扭轉局面。總體來看，這似乎不是一個適合長期買入持有投資者的股息股票。</p>
</div><p>With that being said, if you're still considering Mi Ming Mart Holdings as an investment, you'll find it beneficial to know what risks this stock is facing. Be aware that Mi Ming Mart Holdings is showing <strong>4 warning signs in our investment analysis</strong>, and 1 of those is a bit unpleasant...</p>
<div class="lb-trans"><p>話雖如此，如果你仍在考慮米明生活百貨控股作為投資，瞭解該股票面臨的風險將對你有所幫助。請注意，米明生活百貨控股在我們的投資分析中顯示出 <strong>4 個警告信號</strong>，其中 1 個信號有點不愉快……</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>一般來説，我們不建議僅僅購買你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列表。</strong></p>
</div>

股息投資者：不要急於購買彌明生活百貨控股有限公司（HKG:8473）以獲取即將派發的股息