Published on 10 May 2024 on Simply Wall St. via Yahoo Finance

HomeTrust Bancshares, Inc. (NASDAQ:HTBI) Passed Our Checks, And It's About To Pay A US$0.11 Dividend

It looks like HomeTrust Bancshares, Inc. (NASDAQ:HTBI) is about to go ex-dividend in the next 4 days. 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 important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. This means that investors who purchase HomeTrust Bancshares' shares on or after the 15th of May will not receive the dividend, which will be paid on the 30th of May.

The company's next dividend payment will be US$0.11 per share. Last year, in total, the company distributed US$0.44 to shareholders. Calculating the last year's worth of payments shows that HomeTrust Bancshares has a trailing yield of 1.6% on the current share price of US$28.02. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.