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Businesses with strong growth prospects usually make the best dividend payers, because it’s easier to grow dividends when earnings per share are improving. If earnings fall far enough, the company could be forced to cut its dividend. For this reason, we’re glad to see pferdewetten.de’s earnings per share have risen 19% per annum over the last five years. The company has managed to grow earnings at a rapid rate, while reinvesting most of the profits within the business. Fast-growing businesses that are reinvesting heavily are enticing from a dividend perspective, especially since they can often increase the payout ratio later.

There’s A Lot To Like About pferdewetten.de AG’s (ETR:EMH) Upcoming €0.20 Dividend

Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be intrigued to know that pferdewetten.de AG (ETR:EMH) is about to go ex-dividend in just 4 days. You can purchase shares before the 20th of May in order to receive the dividend, which the company will pay on the 25th of May.

pferdewetten.de’s upcoming dividend is €0.20 a share, following on from the last 12 months, when the company distributed a total of €0.20 per share to shareholders. Based on the last year’s worth of payments, pferdewetten.de stock has a trailing yield of around 2.0% on the current share price of €10. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it’s growing.

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. Fortunately pferdewetten.de’s payout ratio is modest, at just 26% of profit. A useful secondary check can be to evaluate whether pferdewetten.de generated enough free cash flow to afford its dividend. The good news is it paid out just 16% of its free cash flow in the last year.

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.

Have Earnings And Dividends Been Growing?

Businesses with strong growth prospects usually make the best dividend payers, because it’s easier to grow dividends when earnings per share are improving. If earnings fall far enough, the company could be forced to cut its dividend. For this reason, we’re glad to see pferdewetten.de’s earnings per share have risen 19% per annum over the last five years. The company has managed to grow earnings at a rapid rate, while reinvesting most of the profits within the business. Fast-growing businesses that are reinvesting heavily are enticing from a dividend perspective, especially since they can often increase the payout ratio later.

Another key way to measure a company’s dividend prospects is by measuring its historical rate of dividend growth. It looks like the pferdewetten.de dividends are largely the same as they were four years ago.

Final Takeaway

Should investors buy pferdewetten.de for the upcoming dividend? pferdewetten.de has grown its earnings per share while simultaneously reinvesting in the business. Unfortunately it’s cut the dividend at least once in the past four years, but the conservative payout ratio makes the current dividend look sustainable. pferdewetten.de looks solid on this analysis overall, and we’d definitely consider investigating it more closely.

On that note, you’ll want to research what risks pferdewetten.de is facing. To help with this, we’ve discovered 4 warning signs for pferdewetten.de (1 doesn’t sit too well with us!) that you ought to be aware of before buying the shares.

If you spot an error that warrants correction, please contact the editor at editorial-team@simplywallst.com. This article by Simply Wall St is general in nature. It does not constitute a recommendation to buy or sell any stock, and does not take account of your objectives, or your financial situation. Simply Wall St has no position in the stocks mentioned.

We aim to bring you long-term focused research analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Thank you for reading.

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