Published on 28 Aug 2023 on Simply Wall St. via Yahoo Finance

NL Industries, Inc. (NYSE:NL) Is About To Go Ex-Dividend, And It Pays A 5.4% Yield

Readers hoping to buy NL Industries, Inc. (NYSE:NL) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. 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 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. Accordingly, NL Industries investors that purchase the stock on or after the 31st of August will not receive the dividend, which will be paid on the 19th of September.

The company's upcoming dividend is US$0.07 a share, following on from the last 12 months, when the company distributed a total of US$0.28 per share to shareholders. Based on the last year's worth of payments, NL Industries stock has a trailing yield of around 5.4% on the current share price of $5.21. 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! So we need to investigate whether NL Industries can afford its dividend, and if the dividend could grow.

Check out our latest analysis for NL Industries