Published on 29 Mar 2024 on Simply Wall St. via Yahoo Finance

Three Days Left Until Swisscom AG (VTX:SCMN) Trades Ex-Dividend

Readers hoping to buy Swisscom AG (VTX:SCMN) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. 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. This means that investors who purchase Swisscom's shares on or after the 2nd of April will not receive the dividend, which will be paid on the 4th of April.

The company's upcoming dividend is CHF022.00 a share, following on from the last 12 months, when the company distributed a total of CHF22.00 per share to shareholders. Looking at the last 12 months of distributions, Swisscom has a trailing yield of approximately 4.0% on its current stock price of CHF0551.40. If you buy this business for its dividend, you should have an idea of whether Swisscom's dividend is reliable and sustainable. As a result, readers should always check whether Swisscom has been able to grow its dividends, or if the dividend might be cut.

See our latest analysis for Swisscom