Published on 4 Nov 2021 on Simply Wall St. via Yahoo Finance
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that WestRock Company (NYSE:WRK) is about to go ex-dividend in just 4 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 of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Thus, you can purchase WestRock's shares before the 9th of November in order to receive the dividend, which the company will pay on the 23rd of November.
The company's next dividend payment will be US$0.25 per share, on the back of last year when the company paid a total of US$0.96 to shareholders. Calculating the last year's worth of payments shows that WestRock has a trailing yield of 2.1% on the current share price of $48.42. 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 check whether the dividend payments are covered, and if earnings are growing.
See our latest analysis for WestRock