Published on 23 Sep 2023 on Simply Wall St. via Yahoo Finance

Alaris Equity Partners Income Trust (TSE:AD.UN) Could Be A Buy For Its Upcoming Dividend

Alaris Equity Partners Income Trust (TSE:AD.UN) is about to trade ex-dividend in the next four days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. In other words, investors can purchase Alaris Equity Partners Income Trust's shares before the 28th of September in order to be eligible for the dividend, which will be paid on the 16th of October.

The company's next dividend payment will be CA$0.34 per share, on the back of last year when the company paid a total of CA$1.36 to shareholders. Looking at the last 12 months of distributions, Alaris Equity Partners Income Trust has a trailing yield of approximately 9.2% on its current stock price of CA$14.8. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether Alaris Equity Partners Income Trust can afford its dividend, and if the dividend could grow.

Check out our latest analysis for Alaris Equity Partners Income Trust