Published on 17 Mar 2020 on Simply Wall St. via Yahoo Finance

Why You Might Be Interested In Prysmian S.p.A. (BIT:PRY) For Its Upcoming Dividend

Readers hoping to buy Prysmian S.p.A. (BIT:PRY) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. If you purchase the stock on or after the 18th of May, you won't be eligible to receive this dividend, when it is paid on the 20th of May.

Prysmian's upcoming dividend is €0.25 a share, following on from the last 12 months, when the company distributed a total of €0.25 per share to shareholders. Last year's total dividend payments show that Prysmian has a trailing yield of 1.3% on the current share price of €18.87. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to check whether the dividend payments are covered, and if earnings are growing.