Just Three Days Till Mirae Asset Venture Investment Co., Ltd. (KOSDAQ:100790) Will Be Trading Ex-Dividend

It looks like Mirae Asset Venture Investment Co., Ltd. (KOSDAQ:100790) is about to go ex-dividend in the next 3 days. You will need to purchase shares before the 29th of December to receive the dividend, which will be paid on the 21st of April.

Mirae Asset Venture Investment's upcoming dividend is ₩185 a share, following on from the last 12 months, when the company distributed a total of ₩185 per share to shareholders. Last year's total dividend payments show that Mirae Asset Venture Investment has a trailing yield of 3.6% on the current share price of ₩5150. If you buy this business for its dividend, you should have an idea of whether Mirae Asset Venture Investment's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing.

Check out our latest analysis for Mirae Asset Venture Investment

Dividends are usually paid out of company profits, so if a company pays out more than it earned then its dividend is usually at greater risk of being cut. Fortunately Mirae Asset Venture Investment's payout ratio is modest, at just 44% of profit.

When a company paid out less in dividends than it earned in profit, this generally suggests its dividend is affordable. The lower the % of its profit that it pays out, the greater the margin of safety for the dividend if the business enters a downturn.

Click here to see how much of its profit Mirae Asset Venture Investment paid out over the last 12 months.

Have Earnings And Dividends Been Growing?

Businesses with shrinking earnings are tricky from a dividend perspective. If earnings decline and the company is forced to cut its dividend, investors could watch the value of their investment go up in smoke. From this viewpoint, it's unfortunate that earnings per share have declined 7.9% over the last year.

Unfortunately Mirae Asset Venture Investment has only been paying a dividend for a year or so, so there's not much of a history to draw insight from.

To Sum It Up

Should investors buy Mirae Asset Venture Investment for the upcoming dividend? Mirae Asset Venture Investment's earnings per share are down sharply over the last year, although we note that it is paying out a low fraction of its earnings. Ordinarily we wouldn't be too concerned about a one-year decline, but the 163% drop in earnings per share is enough to make us think twice. It doesn't appear an outstanding opportunity, but could be worth a closer look.

However if you're still interested in Mirae Asset Venture Investment as a potential investment, you should definitely consider some of the risks involved with Mirae Asset Venture Investment. Case in point: We've spotted 3 warning signs for Mirae Asset Venture Investment you should be aware of.

If you're in the market for dividend stocks, we recommend checking our list of top dividend stocks with a greater than 2% yield and an upcoming dividend.

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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. We aim to bring you long-term focused analysis driven by fundamental data. Note that our analysis may not factor in the latest price-sensitive company announcements or qualitative material. Simply Wall St has no position in any stocks mentioned.
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