Published on 20 Jun 2024 on Simply Wall St. · via Yahoo Finance

Is It Worth Considering The Berkeley Group Holdings plc (LON:BKG) For Its...

The Berkeley Group Holdings plc (LON:BKG) stock is about to trade ex-dividend in three days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Accordingly, Berkeley Group Holdings investors that purchase the stock on or after the 27th of June will not receive the dividend, which will be paid on the 26th of July.

The company's upcoming dividend is UK£0.33 a share, following on from the last 12 months, when the company distributed a total of UK£0.66 per share to shareholders. Looking at the last 12 months of distributions, Berkeley Group Holdings has a trailing yield of approximately 1.4% on its current stock price of UK£47.30. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether Berkeley Group Holdings can afford its dividend, and if the dividend could grow.