Izinto ezi-4 zokukhangela xa Ufunda i-Imbali ye-Dividend History

Indlela yokufumana iNkcazo yeNkcazo yeNkcazo kunye nesizathu sokuba kubalulekile

Ukufunda emva kokufunda, iminyaka elishumi emva kweminyaka, uphando lubonisile ukuba, njengeqela, izitokisi zeenkampani ezihlawula izahlulo zivame ukugqithisa iifowuni zeenkampani ezingabhataleli igalelo kwixesha elide . Kukho izizathu ezininzi zezi ziphumo ezingapheliyo; umzekelo, iinkampani ezihlawula igalelo zithatha ukufumana imali ephezulu yokufumana imali, oku kuthetha ukuba amanani achazwe kwiFomu 10-K ibhala ngokuchanekileyo ngokuchanekileyo ukuba udidi olufanelekileyo lwezemali lunokuthi lucinge ngeenombolo zezoqoqosho.

Sekunjalo, ukuguqula i-theory yezemfundo kwi-real world management management portfolio ingaba ngumngeni. Abatyalomali abatsha bahlala befuna ukwazi ukuba bakufuna ntoni xa behlaziya imbali yezahlulelo zeenkampani. (Njengoko lisetyenziswe kweli nqaku, igama elithi "umlando wezahlulo" lifutshane nje ngerhafu yembali yezihlawulelo ezihlawulwa sisitokisi, kubandakanywa isahlulelo sabelo ngasinye ngesabelo, isahlulo sokuhlawulwa kwesabelo, imali kunye nexesha lokunyuka kwesabelo, njl njl)

Nangona isihloko sikhulu kakhulu kunokuba iqela elinye liyakwazi ukumboza, kukho imimiselo emine kwimbali yesahlukaniso yenkampani ehamba kakuhle. Oku kunyanisekileyo ukuba isitokhe siyingxenye yebhasikidi eyahlukeneyo yamasheya aneempawu ezifanayo kwaye akukho nto ukuba umtyalo-mali okanye umcebisi wakhe wezezimali okanye inkampani yokulawula i-asethi ilandela isicwangciso esiphezulu sokuvelisa isivuno okanye isicwangciso sokukhula kwesahlulo .

Kubalulekile ukuba uqonde ukuba kutheni imicimbi nganye, kunye nendlela abadibaniselana ngayo, xa besenza iinqununu zokuhlawulela ofuna ukuzibamba.

Le miqondiso yile:

I-History of Dividend Ebandakanya Ukugcina okanye Ukunyusa iSahlulo ngokuSebenza ngeeNkcubeko ezininzi

Akuqhelekanga kwibhodi yabaqondisi ukuba inqume ukuba ishishini liphumelele ngokwaneleyo ukuba umgaqo-nkqubo wokuhlawula umrhumo omtsha ulungelelaniswa, ukuvakalisa ukusabalalisa kubanikazi abanini-mali.

Yintoni engavumelekanga yinkampani eyazibonakalisa yona inakho ukuhlawula isahlulo esipheleleyo okanye, ngokubhetele, ukwandisa isabelo sayo ngesabelo ngasinye, ngaphaya kwexesha lemigangatho yezoqoqosho.

Ukuba kuthe kwakha ixesha elide ukusuka kwinqanaba lakho lokugqibela loqoqosho, umjikelezo wezoshishino ukunyuka nokuwa komsebenzi wezoqoqosho owenzeka emva kwexesha. Kwiingcamango zoqoqosho, umjikelo wezoshishino unemiqathango emine:

1. Ukwandiswa: Ixesha apho uqoqosho lukhula njengoko ukwanda kweemfuneko;
2. Inqanaba eliphezulu: Umjikelo wokujikeleza kwinqanaba apho uqoqosho luqala ukuvumelwano;
3. Ulwahlulo: Ukukhula kwehla kwaye uqoqosho luyancipha; kwaye
4. Ukuqhubela phambili: Umjikelo wokujikeleza umjikelo apho uqoqosho luqala ukukhula, kwakhona.

Ukukwazi ukugcina isakhono sokugcina okanye ukunyusa izinga lokuhlawula isahlulo ngexesha lokunciphisa ukukhula koqoqosho ngokuqhelekileyo kubonakala njengombonakalo, okanye udidi oluthile lwe-business model, ibhanti eqinile, ulawulo oluqilileyo kunye / okanye enye inzuzo yokukhuphisana .

2. Imbali eyahlukileyo ebonisa ukuba iNkampani iyabonakala kwaye inqwenela ukwandisa iSahlulo kwiMali ngokuNgcono ngokweMali yeNkokeli

Ukususela ngamaxesha, unokubona isitokethi esithile esibhekiselwe kuyo ngokuthi "inqubomgomo yokuhlawulela".

Oku kuthetha ukuba ibhodi yabaqondisi kunye nabaphathi baye bazinikela ekwandiseni isahlulo rhoqo; ukuba yinto ephambili ephambili kunye nenye apho baya kuphumelela ngayo impumelelo yabo. Enyanisweni, imigaqo-nkqubo yokuhlawulela ngokuqhubekayo yinto enhle kangangoko nje ekugqibeleni iholele ekunyuseni kobutyebi bamasabelo. Iinkampani ezinemigaqo-ntlupheko yenkqubela phambili ziye zaphoqelelwa ukuba zinciphise izahlulo zabo kwixesha elidlulileyo njengoko, yedwa, ayikho isiqinisekiso sokuphumelela.

Inkosi yaseburhulumenteni ye- blue chip stocks iwela kuloluhlu. Ziyaziwa ngokuba yi "Dividend Aristocrats". Ukwenza isinqununu, inkampani kufuneka ikhulise isabelo sayo iminyaka engama-25 okanye ngaphezulu ngokulandelelanayo, kunye nokudibanisa ubungakanani obukhethekileyo kunye neemfuno zokuthengisa. Okwangoku, kukho iinkampani ezingama-51 kuphela ezinxiba isithsaba. Ziquka amashishini afana neArcher-Daniels-Midland, uMnumzane waseBrown, i-Colgate-Palmolive, i-Clorox, i-Coca-Cola Inkampani, i-Hormel Foods, i-Kimberly-Clark, i-McCormick kunye ne-Inkampani, i-PepsiCo, i-Procter & Gamble, i-Sysco Corporation, i-Wal-Mart , IWalgreens Boots Alliance, i-Emerson Electric, i-3M, iWW

Grainger, Abbott Laboratories, AbbVie, Becton, Dickinson & Company, Johnson & Johnson, Medtronic, iQumrhu leNqobo, iNkampani yeLowe, iCandelo leMcdonald, i-Target, i-Aflac, i-Franklin Resources, i-S & P Global, i-T. Rowe Intengo, iMveliso ye-Air kunye neekhemikhali, iSherwin- Williams, Chevron, ExxonMobil, Ukucwangciswa kwedatha ngokuzenzekelayo, kunye ne-AT & T.

Usenokuba uqaphele ukuba ezininzi zale nkampani zijoliswe kumacandelo athile kunye namashishini . Le meli eyaziwayo. Ngokomlando, utyalo-mali ogqithiseleyo uye wazama ukugxininisa kumaqela ngokubanzi kwiindawo ezithile zoqoqosho . Nangona kungekho sikhokelo esiza kuqhubeka, siye sanyaniseka ngaphezu kwekhulu leminyaka kwaye kuyaqondakala ukuba ininzi yale shishini ibonelela ngemveliso enegama eliqinileyo lokubhengeza igama, elisebenzisekayo, elinamandla okuxabisa, kufuneka lizaliswe kwaye linandipha ukwethembeka kwabathengi. Ngokomzekelo, ukuba isiphuzo sakho se-carbonated u-Coca-Cola, okanye uthanda ukuxubha amazinyo akho nge-toothpaste ye-Colgate, awukwazi ukutshintshela kumncintiswano ukugcina i-nickel okanye idime.

I-History of Dividend Iimpawu ezahlukileyo zifihliweyo Ngemivuzo eNgxelo kunye nokuhamba kwemali

Ekugqibeleni, ufuna igalelo ezizinzileyo ; izabelo eziqhubekayo zihamba ukuze ukwazi ukuzisebenzisa ukuthenga ezinye iimali-mali, ukuhlawula iindleko zakho, ukuqinisa imali yakho yokugcina imali, ukunika uncedo, okanye nayiphi na into ekunikezela ngayo. Ukuze oko kwenzeke, kuba yi-axiomatic ukuba izahlulo zimele zivela ekuphumeni kwemali kunye nemali engenayo kwaye zincinci ngokwaneleyo, ezihambelana nokuphuma kwemali kunye nemali engenayo, ukuba ishishini aliyikufa nendlala yeemfuno zalo zokubuyisela, okwenza umonakalo kwindawo yokukhuphisana phantsi indlela.

Indlela efanelekileyo yokuyiqonda le ngcamango kukufanekisa abanikazi beevenkile zokuncintisana ezimbini. Siya kuthiwa nguWinston noCharles.

UWinston uhlaziya rhoqo kwivenkile yakhe. Uyaqaphela ukuba angalokothi athathe ngaphezulu kwama-40 ekhulwini ekuphumeni kwemali njengesahlulo. Kunoko, uyasungula kwaye agcine iindawo ezithandekayo zokumisa umhlaba kunye nomqondiso. Uhlaziya amafreyisi akhe kunye nokukhanyisa kwangaphakathi. Unika iziganeko ezintle zokubonisa iimveliso zakhe kunye nezinto eziphekiweyo. Abasebenzi bakhe bahlala behlambulula izindlu zokuhlambela. UCharles, ngakolunye uhlangothi, unquma ukusebenzisa i-store yakhe elula njenge-generator cash ukuze kuxhaswe ezinye iimali-mali. Uthatha cishe amaphesenti angama-90 e-cash flow out as a dividend, kuphela ukulungisa oko kuyimfuneko. Iminyaka phantsi kweendlela, izityela zakhe zeplastiki zityhutywe kwaye zigugile. Iikhabhinethi zakhe kunye neemeko zokubonisa zichongiwe. Yonke into ibonakala ikhulile kwaye idiniwe.

Ayithathi ingqiqo ukucinga oko, nangona uCharles angaphila kangcono kunoWinston kancinci, mhlawumbi iWinston iya kuba nokuhleka kokugqibela. Ngokuhamba kwexesha, ivenkile yakwaWinston inokutsala ngakumbi, kwaye ngcono, abathengi; ukuvelisa iimali eziphezulu kunokuba kungenjalo bekuza kubakho ukuvelisa, ukucinga ukuba ummelwane awuyi kuhlahloka okanye ayikho enye into ekhethekileyo ekufuneka ithathelwe ingqalelo. Isizathu: abathengi bathanda ukuthenga kwindawo epholileyo. Enyanisweni, kusenokwenzeka ukuba iWinston ihlawulise iicenti ezimbalwa ngakumbi kwiimveliso ezithile kunokuba ayengayihlawulisa, ukukhawulezisa umjikelo wakhe wokubuyisela.

Ingongoma kukuba kulula ukuhlambulula; ukunciphisa iindleko rhoqo ukuxhasa igalelo ekugqibeleni ziyancipha njengoko ishishini eliphambili liyabhujiswa. Kukho mhlawumbi akukho ndlela engcono yokubonakalisa oku kwimarike yemasheya kwiminyaka elishumi edlulileyo okanye ezimbini kuneSears noK-Mart.

I-History of Dividend Eyaxhaswa kwiMisebenzi, engekho kwiiNtengiso zeeAset okanye ukunyuka kweTyala lexesha elide kwiSahluko sokuBhalisa

Le ngcamango ihlobene ngokugqithisileyo kodwa ibalulekile ngokwaneleyo kufuneka ibhaliwe. Kukho amaxesha apho inkampani ayinako ukuxhaswa ngokuxhamla kwizabelo zayo ukusuka ekuphumeni kwemali okanye imisebenzi kwaye, esikhundleni sokuba wenze into enoxanduva kunye nokusika okanye ukunciphisa isabelo, iyaqhubeka nokwenza iintlawulo ngokwahlula kwimali evela kwimpahla yokuthengisa okanye imali ebolekelwe. Oku kuyaqhubeka ixesha elimangalisayo kwiimveliso ezithile, ngokukodwa ukuba izinto zibukeka zilungileyo kumphezulu. Nangona kunjalo, ngezinye iinkalo, ibhajethi iya kuhlawulwa kwaye iziphumo zinokuba ziphi na ezibuhlungu xa ziza kwenzeka. Ngamanye amaxesha ubona oku kwenzeka kwiinkampani zeemigodi okanye, mhlawumbi umzekelo ongcono, kumaziko emali phakathi kwebhola kwaye ngaphambi kokuwa kokungenakugwema xa "inzuzo" ebhalwayo ayiyiyo inzuzo nhlobo.

Nceda uqonde ukuba akuyona into embi ukuba ityala lenkampani liqhubeke nokukhulisa ngexesha elifanayo isahlulo sikhula. Enyanisweni, kwiinkampani ezininzi eziphambili, kuya kuba njalo. Ukuba unayo ixesha, hamba ufunde iimeko zeengxelo zonyaka zakwa-Wal-Mart, ubuyele kwiintsuku zikaSam Walton kwi-helm. Uya kubona ukuba imbali yezahlulelo ayikho enye yokukhula ngokukhawuleza kodwa ukuba ukunyuswa kwetyala kwenyuka ngokukhawuleza, kwakhona. Oku kungenxa yokuba i-Wal-Mart yayingenzuzo kakhulu uSam Walton wayejolise ekuvuleni indawo ezintsha ngokukhawuleza njengoko wayenengqiqo, eyazi ukuba iindleko zemali-mboleko yayincinci ngeentlawulo zezoqoqosho eziveliswe xa iingcango zeengxoxo zavulwa kwaye abathengi beza bahamba ngeenqwelo .

Enye indlela onokukwazi ukwenza oku kwahlukileyo kukujonga ibhalansi yekhampani, ngokukodwa kwisayizi esithandanayo sokulingana kwamatyala. Ukuba i- debt-to-equity ratio isengqiqweni, okanye ingcono nakwiiyo, ukuwa, nangona amanqanaba amatyala kunye nokwahlula ukuhlawulela, oku kudla ngokuba ngumqondiso olungileyo kuba kuthetha ukuba inkampani ikwandisa inzuzo yayo ngenani elilinganayo, okanye ukugqithisa, kwinqanaba apho liboleka imali. Kwakhona kubalulekile ukuqwalasela iinkcukacha ezithile malunga nokuba loo matyala axhaswa njani ngemali ngenxa yeengxowa-mali zenkampani , ngokukodwa kwindlela yokulawula umngcipheko.

Kuphi Ukufumana Imbali Yokwahlukana

Yonke le ngcaciso imnandi kodwa ayenzi nto eninzi ukuba awukwazi apho ungayifumana khona imbali yezahlulelo zeenkampani. Nazi iindawo ezimbalwa onokuzijonga.

1. Ingxelo yonyaka yenkampani okanye ifom ye-10-K eFilisayo: Nangona le nto ingabi ngempumelelo xa ifunda ixesha elidlulayo ngaphezu kweminyaka elishumi, libandakanya ukuya ngqo kumthombo. Kule maxwebhu, ngokukodwa ingxelo ebhaliweyo yonyaka, utyalomali unako ukufumana iinkcukacha ezintathu zeseshwankathelo zonyaka malunga nesahlulo sokuhlengahlulwa kwesahlulo ngasinye.
2. IWebhsayithi yoBudlelwane bezoTyalo-mali: Ininzi, ukuba ingabi phantse yonke, iinkampani ezithengiswa esidlangalaleni ngobukhulu obufanelekileyo ziza kuba ne-Investor Relations site. Ingakumbi kwiimeko apho ibhodi yabaqondisi kunye nabaphathi beqhayiya ngerekhodi yezahlulo, akuqhelekanga ukufumana iphepha lembali lezahlulelo ezahlukileyo ezibandakanya ukuphazamiseka kwesahlulo se-stock esibuyela kwiminyaka emashumi. Omnye umzekeliso: ngeli xesha ndibhale eli nqaku, iNkampani yeCoca-Cola yenza i-dividend yolwazi ekhoyo kwi-intanethi ibuyela ngo-1970.
3. Inkonzo yoHlolo loTyalo-mali: Le yilapho inkonzo yobhaliso efana ne-Value Line Investment Survey ibonakala. Unako ukukrazula ikhefu lokulila kwi shishini kwimizuzwana. Iphepha leenqabileyo liquka inkcazelo elula yokuqonda, eyahlula isahlulo semali esahlukileyo ibuyele kwiminyaka engaphezu kwe-15 ukuya kuma-1,800 + amasheya. Iphepha leenqabileyo libandakanya nolunye ulwazi oluncedo olufana nesiphumo sesahlulo esiqhelekileyo apho isitokhwe sithengiswa kunyaka. Ngaphandle kwe-Value Line, abatyala-mali-maziko, njengabo baqhuba inkampani yokulawula i-asethi , banakho ukufumana ukusetyenziswa kwezixhobo ezixabisa kakhulu kunye neziphambili ezijoliswe kubaqeqeshi, njenge- terminal Bloomberg , i-FactSet, i-S & P Capital IQ, okanye iiseti ezithile zeenkcukacha ze-Morningstar.
4. I-Free Online Portal okanye i-Data Data Aggregator: Kukho amaninzi amaninzi e-intanethi ahlinzeka ngamashadi kunye neetafile zembali yesabelo semali. Ubude bembali yesahlulelo bukhoyo buhluka ukusuka kwisayithi ukuya kwisayithi. Phakathi kwezona zinto zihlala phambili ze Yahoo! Uhlu lwembali lwembali lwahlulo lwemali. Ngamanye amaxesha, le datha iya kubuya ngaphaya kwimbali yesahlulelo esiboniswe kwiwebhusayithi yewebhusayithi. Ngokomzekelo, khumbula ukuba iphepha le-Akhawunti ye-Coca-Cola yembali yezahlulo kwi-Intanethi yoLwazi lwayo lwabiwo-mali lwabuyela emva ngo-1970. Ukuba unyusela uphawu lweKick -Cola, i-KO, kwi-Yahoo! Imali kwaye ucele isabelo semali yesabelo semali ngesabelo ngasinye, uya kufumanisa ukuba iirekhodi ze-Coke zahlula kwi-1962.

I-Balance ayinikezeli irhafu, utyalo-mali, iinkonzo zemali kunye neengcebiso. Ulwazi lwenziwa ngaphandle kokuqwalasela iinjongo zotyalo-mali, ukunyamezela, okanye imeko zezimali kwanoma yimuphi umtyalo-mali othile kwaye angenakufaneleka kubo bonke abatyalo-mali. Ukusebenza kwangaphambili akubonakali kweziphumo ezizayo. Utyalo-mali luquka ubungozi kubandakanya ukulahlekelwa kwinqununu.