<p>看起來 <strong>達能（Danone S.A.）</strong>（EPA:BN）將在接下來的 4 天內除息。除息日通常是在公司記錄日的前兩個工作日，這一天公司會確定哪些股東有權獲得股息。除息日很重要，因為結算過程至少需要兩個完整的工作日。因此，如果您錯過了該日期，您將在記錄日時不會出現在公司的賬簿上。換句話説，投資者可以在 5 月 4 日之前購買達能的股票，以便有資格獲得將在 5 月 6 日支付的股息。</p>
<p>該公司下一次的股息支付將為每股 2.25 歐元，基於去年公司向股東支付的總額為 2.25 歐元。去年的總股息支付顯示，達能在當前股價 67.40 歐元上有 3.3% 的歷史收益率。股息是許多股東的重要收入來源，但企業的健康狀況對維持這些股息至關重要。我們需要看看股息是否由盈利覆蓋，以及是否在增長。</p>
<p>特朗普承諾要 “釋放” 美國的石油和天然氣，這 15 只美國股票的發展有望受益。</p>
<p>股息通常是從公司收入中支付的，因此如果公司支付的股息超過其盈利，股息通常面臨被削減的更高風險。去年它支付了 80% 的盈利作為股息，這並不算不合理，但限制了對業務的再投資，並使股息在業務下滑時變得脆弱。如果盈利開始下降，這可能會成為一個問題。一個有用的次要檢查是評估達能是否產生了足夠的自由現金流來支付其股息。去年，股息佔公司自由現金流的 51%，這在大多數支付股息的組織中屬於正常範圍。</p>
<p>看到達能的股息由利潤和現金流覆蓋是積極的，因為這通常是股息可持續的跡象，而較低的支付比率通常意味着在股息被削減之前有更大的安全邊際。</p>
<p>查看我們對達能的最新分析</p>
<p>點擊這裏查看公司的支付比率，以及分析師對其未來股息的估計。</p>
<h2>盈利和股息是否在增長？</h2>
<p>盈利平穩的股票仍然可以是有吸引力的股息支付者，但在股息可持續性方面，採取更保守的態度並要求更大的安全邊際是重要的。如果盈利下降到一定程度，公司可能被迫削減股息。這解釋了為什麼我們對達能過去五年的平穩盈利並不感到過於興奮。看到盈利沒有下降當然更好，但從長遠來看，所有最佳的股息股票都能夠顯著增長每股盈利。</p>
<p>衡量公司股息前景的另一個關鍵方法是測量其歷史股息增長率。在過去 10 年中，達能平均每年提高股息約 4.1%。</p>
<h2>最終總結</h2>
<p>投資者應該購買達能以獲得即將到來的股息嗎？達能未能產生盈利增長，但至少其股息看起來是可持續的，利潤和現金流支付比率在合理範圍內。底線是：達能有一些不幸的特徵，我們認為這可能導致股息投資者的次優結果。</p>
<p>話雖如此，如果您仍在考慮將達能作為投資，瞭解該股票面臨的風險將是有益的。每家公司都有風險，我們發現您應該瞭解的 <strong>達能的 2 個警告信號</strong>。</p>
<p>如果您在尋找強勁的股息支付者，我們建議 <strong>查看我們精選的頂級股息股票。</strong></p>

達能(ADR)

<p>達能（Danone S.A.，EPA:BN）將在 4 天后除息，計劃於 5 月 6 日支付每股 2.25 歐元的股息。投資者必須在 5 月 4 日之前購買股票才能獲得資格。該公司的過去一年總股息支付的收益率為 3.3%。雖然股息由利潤和現金流覆蓋，但達能過去五年的盈利平穩引發了對未來增長的擔憂。儘管如此，股息似乎是可持續的，但潛在投資者應注意與該股票相關的風險</p>

<p>It looks like <strong>Danone S.A.</strong> (EPA:BN) is about to go ex-dividend in the next 4 days. The ex-dividend date is two business days before a company's record date in most cases, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is important as the process of settlement involves at least two full business days. So if you miss that date, you would not show up on the company's books on the record date. In other words, investors can purchase Danone's shares before the 4th of May in order to be eligible for the dividend, which will be paid on the 6th of May.</p>
<div class="lb-trans"><p>看起來 <strong>達能（Danone S.A.）</strong>（EPA:BN）將在接下來的 4 天內除息。除息日通常是在公司記錄日的前兩個工作日，這一天公司會確定哪些股東有權獲得股息。除息日很重要，因為結算過程至少需要兩個完整的工作日。因此，如果您錯過了該日期，您將在記錄日時不會出現在公司的賬簿上。換句話説，投資者可以在 5 月 4 日之前購買達能的股票，以便有資格獲得將在 5 月 6 日支付的股息。</p>
</div><p>The company's next dividend payment will be €2.25 per share, on the back of last year when the company paid a total of €2.25 to shareholders. Last year's total dividend payments show that Danone has a trailing yield of 3.3% on the current share price of €67.40. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing.</p>
<div class="lb-trans"><p>該公司下一次的股息支付將為每股 2.25 歐元，基於去年公司向股東支付的總額為 2.25 歐元。去年的總股息支付顯示，達能在當前股價 67.40 歐元上有 3.3% 的歷史收益率。股息是許多股東的重要收入來源，但企業的健康狀況對維持這些股息至關重要。我們需要看看股息是否由盈利覆蓋，以及是否在增長。</p>
</div><p>Trump has pledged to &#34;unleash&#34; American oil and gas and these 15 US stocks have developments that are poised to benefit.</p>
<div class="lb-trans"><p>特朗普承諾要 “釋放” 美國的石油和天然氣，這 15 只美國股票的發展有望受益。</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. It paid out 80% of its earnings as dividends last year, which is not unreasonable, but limits reinvestment in the business and leaves the dividend vulnerable to a business downturn. It could become a concern if earnings started to decline. A useful secondary check can be to evaluate whether Danone generated enough free cash flow to afford its dividend. Dividends consumed 51% of the company's free cash flow last year, which is within a normal range for most dividend-paying organisations.</p>
<div class="lb-trans"><p>股息通常是從公司收入中支付的，因此如果公司支付的股息超過其盈利，股息通常面臨被削減的更高風險。去年它支付了 80% 的盈利作為股息，這並不算不合理，但限制了對業務的再投資，並使股息在業務下滑時變得脆弱。如果盈利開始下降，這可能會成為一個問題。一個有用的次要檢查是評估達能是否產生了足夠的自由現金流來支付其股息。去年，股息佔公司自由現金流的 51%，這在大多數支付股息的組織中屬於正常範圍。</p>
</div><p>It's positive to see that Danone's dividend is covered by both profits and cash flow, since this is generally a sign that the dividend is sustainable, and a lower payout ratio usually suggests a greater margin of safety before the dividend gets cut.</p>
<div class="lb-trans"><p>看到達能的股息由利潤和現金流覆蓋是積極的，因為這通常是股息可持續的跡象，而較低的支付比率通常意味着在股息被削減之前有更大的安全邊際。</p>
</div><p>See our latest analysis for Danone</p>
<div class="lb-trans"><p>查看我們對達能的最新分析</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支付比率，以及分析師對其未來股息的估計。</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>Stocks with flat earnings can still be attractive dividend payers, but it is important to be more conservative with your approach and demand a greater margin for safety when it comes to dividend sustainability. If earnings fall far enough, the company could be forced to cut its dividend. That explains why we're not overly excited about Danone's flat earnings over the past five years. It's better than seeing them drop, certainly, but over the long term, all of the best dividend stocks are able to meaningfully grow their earnings per share.</p>
<div class="lb-trans"><p>盈利平穩的股票仍然可以是有吸引力的股息支付者，但在股息可持續性方面，採取更保守的態度並要求更大的安全邊際是重要的。如果盈利下降到一定程度，公司可能被迫削減股息。這解釋了為什麼我們對達能過去五年的平穩盈利並不感到過於興奮。看到盈利沒有下降當然更好，但從長遠來看，所有最佳的股息股票都能夠顯著增長每股盈利。</p>
</div><p>Another key way to measure a company's dividend prospects is by measuring its historical rate of dividend growth. In the last 10 years, Danone has lifted its dividend by approximately 4.1% a year on average.</p>
<div class="lb-trans"><p>衡量公司股息前景的另一個關鍵方法是測量其歷史股息增長率。在過去 10 年中，達能平均每年提高股息約 4.1%。</p>
</div><h2>Final Takeaway</h2>
<div class="lb-trans"><h2>最終總結</h2>
</div><p>Should investors buy Danone for the upcoming dividend? Danone has been unable to generate earnings growth, but at least its dividend looks sustainable, with its profit and cashflow payout ratios within reasonable limits. Bottom line: Danone has some unfortunate characteristics that we think could lead to sub-optimal outcomes for dividend investors.</p>
<div class="lb-trans"><p>投資者應該購買達能以獲得即將到來的股息嗎？達能未能產生盈利增長，但至少其股息看起來是可持續的，利潤和現金流支付比率在合理範圍內。底線是：達能有一些不幸的特徵，我們認為這可能導致股息投資者的次優結果。</p>
</div><p>With that being said, if you're still considering Danone as an investment, you'll find it beneficial to know what risks this stock is facing. Every company has risks, and we've spotted <strong>2 warning signs for Danone</strong> you should know about.</p>
<div class="lb-trans"><p>話雖如此，如果您仍在考慮將達能作為投資，瞭解該股票面臨的風險將是有益的。每家公司都有風險，我們發現您應該瞭解的 <strong>達能的 2 個警告信號</strong>。</p>
</div><p>If you're in the market for strong dividend payers, we recommend <strong>checking our selection of top dividend stocks.</strong></p>
<div class="lb-trans"><p>如果您在尋找強勁的股息支付者，我們建議 <strong>查看我們精選的頂級股息股票。</strong></p>
</div>

股息投資者：不要急於購買達能 (ADR)（EPA:BN）以獲取即將派發的股息