Published on 25 May 2024 on Simply Wall St. via Yahoo Finance

Just Four Days Till Kinross Gold Corporation (TSE:K) Will Be Trading Ex-Dividend

Kinross Gold Corporation (TSE:K) is about to trade ex-dividend in the next four days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Therefore, if you purchase Kinross Gold's shares on or after the 30th of May, you won't be eligible to receive the dividend, when it is paid on the 13th of June.

The company's upcoming dividend is US$0.03 a share, following on from the last 12 months, when the company distributed a total of US$0.12 per share to shareholders. Based on the last year's worth of payments, Kinross Gold has a trailing yield of 1.5% on the current stock price of CA$11.04. 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! As a result, readers should always check whether Kinross Gold has been able to grow its dividends, or if the dividend might be cut.