Published on 19 Jun 2024 on Simply Wall St. · via Yahoo Finance

There's A Lot To Like About Loblaw Companies' (TSE:L) Upcoming CA$0.513 Dividend

Loblaw Companies Limited (TSE:L) stock is about to trade ex-dividend in 4 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 an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Accordingly, Loblaw Companies investors that purchase the stock on or after the 14th of June will not receive the dividend, which will be paid on the 1st of July.

The company's next dividend payment will be CA$0.513 per share, and in the last 12 months, the company paid a total of CA$1.78 per share. Last year's total dividend payments show that Loblaw Companies has a trailing yield of 1.3% on the current share price of CA$160.93. 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.