Published on 12 May 2024 on Simply Wall St. via Yahoo Finance

Balfour Beatty plc (LON:BBY) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

Balfour Beatty plc (LON:BBY) is about to trade ex-dividend in the next three 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. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Thus, you can purchase Balfour Beatty's shares before the 16th of May in order to receive the dividend, which the company will pay on the 3rd of July.

The company's next dividend payment will be UK£0.08 per share, on the back of last year when the company paid a total of UK£0.12 to shareholders. Looking at the last 12 months of distributions, Balfour Beatty has a trailing yield of approximately 3.0% on its current stock price of UK£3.86. 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 investigate whether Balfour Beatty can afford its dividend, and if the dividend could grow.