Published on 4 Jun 2023 on Simply Wall St. via Yahoo Finance
ALS Limited (ASX:ALQ) is about to trade ex-dividend in the next 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. 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 ALS' shares before the 9th of June in order to receive the dividend, which the company will pay on the 6th of July.
The company's next dividend payment will be AU$0.19 per share. Last year, in total, the company distributed AU$0.40 to shareholders. Based on the last year's worth of payments, ALS stock has a trailing yield of around 3.4% on the current share price of A$11.68. 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! We need to see whether the dividend is covered by earnings and if it's growing.
See our latest analysis for ALS