未料胜先料败
2022-05-18
那些价值股(比如伯克希尔)不分红但回购,股价长期会涨,涨得比分红多的多(还不交10%股息税)。期间想要收益时,可以高点卖covered call当股息啊!
@美股解毒师:
弱势市场下,高股息能带来什么?
免责声明:上述内容仅代表发帖人个人观点,不构成本平台的任何投资建议。
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s1
2022-05-18
s1
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铁木真
2022-05-18
铁木真
Kokoko
czt123456
2022-05-18
czt123456
[微笑]
阿骨打1972
2022-05-18
阿骨打1972
都可以
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2022-05-18
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style=\"color:rgba(255,128,0,1);\"><b>常年累月的股息是获得复利优势的基础</b></span>。</p> <p>上市公司在分发股息后,还需要在公司的股价中扣除相应的部分,称为“除权”。那既然股息还要从股价中除去,股息有什么作用呢?</p> <p><span style=\"color:rgba(255,128,0,1);\"><b>第一,股息降低了公司的相对估值倍数</b></span>,比如PE、PB等,因为价格的变化,使得市盈率这些投资者非常看重的估值指标降低,从而在二级市场上更有吸引力,引入更多的投资者。</p> <p><span style=\"color:rgba(255,128,0,1);\"><b>第二,股息将躺在公司资产负债表上的现金,实实在在地交给了股东。</b></span>如果一家公司不派发股息,只是将赚到的钱躺在自己的腰包里,那投资者只能看着羡慕,仅从股价的变化上受益;但是如果派发股息,公司将利益实实在在地交给股东,让股东自行处理,再投资也好,拿去花也好,有更大的支配权。</p> <p><span style=\"color:rgba(255,128,0,1);\"><b>第三,派发股息是公司证明自己盈利能力和现金流强大的一种表现,</b></span>尤其是持续分红,股息率不低的公司,往往在某个行业、某项业务中有着极强的统治能力。</p> <p>这也是为什么绝大多数的价值投资者以及很多长线投资基金,都将股息作为一个很重要的指标来看待。</p> <p>除了普通股,美股市场上有两类产品的股息特别重要,一类是房地产投资信托REITs,另一类是某些主题的有些合伙MLP(如油气、工业设施),它们都会一定程度上将大部分的利润作为股息分发给股东。</p> <p>而对普通股来说,不同行业的公司,由于盈利能力、现金流的不同,股息分发的需求也不同。我们对美股市场的股息率(过去12个月的股息总和除以当前股价)超过1%的公司进行了汇总,其中金融行业的公司最多,占比27%,其次是工业板块,占比13%。</p> <p><img src=\"https://static.tigerbbs.com/7883d388b50ddb9053f5c32eb1c025c8\" tg-width=\"-1\" tg-height=\"-1\"></p> <ul> \n <li>金融行业有相当数量的银行、资产管理公司,比如<a href=\"https://laohu8.com/S/BX\">$黑石(BX)$</a> <a href=\"https://laohu8.com/S/BLK\">$贝莱德(BLK)$</a> <a href=\"https://laohu8.com/S/JPM\">$摩根大通(JPM)$</a> <a href=\"https://laohu8.com/S/BAC\">$美国银行(BAC)$</a> 等,其盈利能力不在话下,回报股东最直接的方式就是分发股息</li> \n <li>工业板块则大多是行业内占有一席之地的公司,比如<a href=\"https://laohu8.com/S/UPS\">$联合包裹(UPS)$</a> 、<a href=\"https://laohu8.com/S/HON\">$(HON)$</a>、<a href=\"https://laohu8.com/S/LMT\">$(LMT)$</a>、<a href=\"https://laohu8.com/S/MMM\">$(MMM)$</a>、<a href=\"https://laohu8.com/S/CAT\">$(CAT)$</a>等,这些大蓝筹公司较为成熟,趋于稳定。</li> \n <li>可选消费行业也同样是行业佼佼者,<a href=\"https://laohu8.com/S/MCD\">$麦当劳(MCD)$</a> 、<a href=\"https://laohu8.com/S/HD\">$家得宝(HD)$</a> 、<a href=\"https://laohu8.com/S/NKE\">$耐克(NKE)$</a> 、<a href=\"https://laohu8.com/S/SBUX\">$星巴克(SBUX)$</a> 、<a href=\"https://laohu8.com/S/F\">$福特汽车(F)$</a> 等</li> \n <li>而日常消费品行业,则是我们熟悉的大品牌,如<a href=\"https://laohu8.com/S/KO\">$可口可乐(KO)$</a> 、<a href=\"https://laohu8.com/S/PG\">$宝洁(PG)$</a> 、<a href=\"https://laohu8.com/S/TSN\">$(TSN)$</a>,以及烟草等长期抗周期的公司<a href=\"https://laohu8.com/S/MO\">$奥驰亚(MO)$</a> 、<a href=\"https://laohu8.com/S/PM\">$菲利普莫里斯(PM)$</a> </li> \n <li>其余的能源、原材料,近年来的股息增加,主要是受益于周期。</li> \n <li>信息通讯板块派发股息的公司较少,毕竟大部分是成长股,有很多还未有足够的盈利。</li> \n</ul> <p>在这些公司中,连续三年以上稳定分红,并提升分红,且股息率超过3%、市值超过50亿美元的公司,我们整理了一下——</p> <p><img src=\"https://static.tigerbbs.com/fa11504dc1e4331911837a2fb92ae097\" tg-width=\"-1\" tg-height=\"-1\"></p> <p>美股前十年牛市,股息往往并不被很多投资者看好,因为市场的繁荣让更多的成长公司有更大的股价上涨空间,股东仅靠价格回报就有不错的收益。</p> <p>但今时不同往日,一旦市场大环境下滑,趋于保守的股息,就成为投资者的额外回报来源。这些公司固然有很多是过去几年表现不尽人意的,不过也有不少在今年获得了不错的回报。考虑到其股息率之高,投资者的真实收益也会增加。</p> <p>因此,在成长股哀鸿遍野的环境下,平衡自己的资产配置,添加一些稳定分红的个股到自己的资产组合中,不失为一个稳妥的方法。</p> <hr> <p>参考阅读:</p> <p><a href=\"https://laohu8.com/TW/612361024\" target=\"_blank\"><b>《阴跌熊市,个人投资者如何保护资产?》</b></a><b></b></p> <p><a href=\"https://laohu8.com/TW/81105\" target=\"_blank\"><b>《是时候介绍些分红的小知识了》</b></a><b></b></p> <p><a href=\"https://laohu8.com/TW/691731661\" target=\"_blank\"><b>《腾讯股息\"分出个\"京东,对投资者有何许影响?》</b></a><b></b></p></body></html>","htmlText":"<html><head></head><body><p>通常,股息是股东能从股票投资中获得的除价格回报外的收益。与股权的价格回报不同,股息的回报更像是固定收益,数量不多,但<span style=\"color:rgba(255,128,0,1);\"><b>常年累月的股息是获得复利优势的基础</b></span>。</p> <p>上市公司在分发股息后,还需要在公司的股价中扣除相应的部分,称为“除权”。那既然股息还要从股价中除去,股息有什么作用呢?</p> <p><span style=\"color:rgba(255,128,0,1);\"><b>第一,股息降低了公司的相对估值倍数</b></span>,比如PE、PB等,因为价格的变化,使得市盈率这些投资者非常看重的估值指标降低,从而在二级市场上更有吸引力,引入更多的投资者。</p> <p><span style=\"color:rgba(255,128,0,1);\"><b>第二,股息将躺在公司资产负债表上的现金,实实在在地交给了股东。</b></span>如果一家公司不派发股息,只是将赚到的钱躺在自己的腰包里,那投资者只能看着羡慕,仅从股价的变化上受益;但是如果派发股息,公司将利益实实在在地交给股东,让股东自行处理,再投资也好,拿去花也好,有更大的支配权。</p> <p><span style=\"color:rgba(255,128,0,1);\"><b>第三,派发股息是公司证明自己盈利能力和现金流强大的一种表现,</b></span>尤其是持续分红,股息率不低的公司,往往在某个行业、某项业务中有着极强的统治能力。</p> <p>这也是为什么绝大多数的价值投资者以及很多长线投资基金,都将股息作为一个很重要的指标来看待。</p> <p>除了普通股,美股市场上有两类产品的股息特别重要,一类是房地产投资信托REITs,另一类是某些主题的有些合伙MLP(如油气、工业设施),它们都会一定程度上将大部分的利润作为股息分发给股东。</p> <p>而对普通股来说,不同行业的公司,由于盈利能力、现金流的不同,股息分发的需求也不同。我们对美股市场的股息率(过去12个月的股息总和除以当前股价)超过1%的公司进行了汇总,其中金融行业的公司最多,占比27%,其次是工业板块,占比13%。</p> <p><img src=\"https://static.tigerbbs.com/7883d388b50ddb9053f5c32eb1c025c8\" tg-width=\"-1\" tg-height=\"-1\"></p> <ul> \n <li>金融行业有相当数量的银行、资产管理公司,比如<a href=\"https://laohu8.com/S/BX\">$黑石(BX)$</a> <a href=\"https://laohu8.com/S/BLK\">$贝莱德(BLK)$</a> <a href=\"https://laohu8.com/S/JPM\">$摩根大通(JPM)$</a> <a href=\"https://laohu8.com/S/BAC\">$美国银行(BAC)$</a> 等,其盈利能力不在话下,回报股东最直接的方式就是分发股息</li> \n <li>工业板块则大多是行业内占有一席之地的公司,比如<a href=\"https://laohu8.com/S/UPS\">$联合包裹(UPS)$</a> 、<a href=\"https://laohu8.com/S/HON\">$(HON)$</a>、<a href=\"https://laohu8.com/S/LMT\">$(LMT)$</a>、<a href=\"https://laohu8.com/S/MMM\">$(MMM)$</a>、<a href=\"https://laohu8.com/S/CAT\">$(CAT)$</a>等,这些大蓝筹公司较为成熟,趋于稳定。</li> \n <li>可选消费行业也同样是行业佼佼者,<a href=\"https://laohu8.com/S/MCD\">$麦当劳(MCD)$</a> 、<a href=\"https://laohu8.com/S/HD\">$家得宝(HD)$</a> 、<a href=\"https://laohu8.com/S/NKE\">$耐克(NKE)$</a> 、<a href=\"https://laohu8.com/S/SBUX\">$星巴克(SBUX)$</a> 、<a href=\"https://laohu8.com/S/F\">$福特汽车(F)$</a> 等</li> \n <li>而日常消费品行业,则是我们熟悉的大品牌,如<a href=\"https://laohu8.com/S/KO\">$可口可乐(KO)$</a> 、<a href=\"https://laohu8.com/S/PG\">$宝洁(PG)$</a> 、<a href=\"https://laohu8.com/S/TSN\">$(TSN)$</a>,以及烟草等长期抗周期的公司<a href=\"https://laohu8.com/S/MO\">$奥驰亚(MO)$</a> 、<a href=\"https://laohu8.com/S/PM\">$菲利普莫里斯(PM)$</a> </li> \n <li>其余的能源、原材料,近年来的股息增加,主要是受益于周期。</li> \n <li>信息通讯板块派发股息的公司较少,毕竟大部分是成长股,有很多还未有足够的盈利。</li> \n</ul> <p>在这些公司中,连续三年以上稳定分红,并提升分红,且股息率超过3%、市值超过50亿美元的公司,我们整理了一下——</p> <p><img src=\"https://static.tigerbbs.com/fa11504dc1e4331911837a2fb92ae097\" tg-width=\"-1\" tg-height=\"-1\"></p> <p>美股前十年牛市,股息往往并不被很多投资者看好,因为市场的繁荣让更多的成长公司有更大的股价上涨空间,股东仅靠价格回报就有不错的收益。</p> <p>但今时不同往日,一旦市场大环境下滑,趋于保守的股息,就成为投资者的额外回报来源。这些公司固然有很多是过去几年表现不尽人意的,不过也有不少在今年获得了不错的回报。考虑到其股息率之高,投资者的真实收益也会增加。</p> <p>因此,在成长股哀鸿遍野的环境下,平衡自己的资产配置,添加一些稳定分红的个股到自己的资产组合中,不失为一个稳妥的方法。</p> <hr> <p>参考阅读:</p> <p><a href=\"https://laohu8.com/TW/612361024\" target=\"_blank\"><b>《阴跌熊市,个人投资者如何保护资产?》</b></a><b></b></p> <p><a href=\"https://laohu8.com/TW/81105\" target=\"_blank\"><b>《是时候介绍些分红的小知识了》</b></a><b></b></p> <p><a href=\"https://laohu8.com/TW/691731661\" target=\"_blank\"><b>《腾讯股息\"分出个\"京东,对投资者有何许影响?》</b></a><b></b></p></body></html>","text":"通常,股息是股东能从股票投资中获得的除价格回报外的收益。与股权的价格回报不同,股息的回报更像是固定收益,数量不多,但常年累月的股息是获得复利优势的基础。 上市公司在分发股息后,还需要在公司的股价中扣除相应的部分,称为“除权”。那既然股息还要从股价中除去,股息有什么作用呢? 第一,股息降低了公司的相对估值倍数,比如PE、PB等,因为价格的变化,使得市盈率这些投资者非常看重的估值指标降低,从而在二级市场上更有吸引力,引入更多的投资者。 第二,股息将躺在公司资产负债表上的现金,实实在在地交给了股东。如果一家公司不派发股息,只是将赚到的钱躺在自己的腰包里,那投资者只能看着羡慕,仅从股价的变化上受益;但是如果派发股息,公司将利益实实在在地交给股东,让股东自行处理,再投资也好,拿去花也好,有更大的支配权。 第三,派发股息是公司证明自己盈利能力和现金流强大的一种表现,尤其是持续分红,股息率不低的公司,往往在某个行业、某项业务中有着极强的统治能力。 这也是为什么绝大多数的价值投资者以及很多长线投资基金,都将股息作为一个很重要的指标来看待。 除了普通股,美股市场上有两类产品的股息特别重要,一类是房地产投资信托REITs,另一类是某些主题的有些合伙MLP(如油气、工业设施),它们都会一定程度上将大部分的利润作为股息分发给股东。 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