Published on 28 Feb 2024 on Simply Wall St. via Yahoo Finance
Dividend Investors: Don't Be Too Quick To Buy Saputo Inc. (TSE:SAP) For Its Upcoming Dividend
Readers hoping to buy Saputo Inc. (TSE:SAP) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled 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. In other words, investors can purchase Saputo's shares before the 4th of March in order to be eligible for the dividend, which will be paid on the 15th of March.
The company's next dividend payment will be CA$0.185 per share. Last year, in total, the company distributed CA$0.74 to shareholders. Last year's total dividend payments show that Saputo has a trailing yield of 2.6% on the current share price of CA$28.07. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! So we need to check whether the dividend payments are covered, and if earnings are growing.
See our latest analysis for Saputo