Published on 16 Feb 2024 on Simply Wall St. via Yahoo Finance

There's A Lot To Like About Peabody Energy's (NYSE:BTU) Upcoming US$0.075 Dividend

Peabody Energy Corporation (NYSE:BTU) stock is about to trade ex-dividend in four 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 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. Therefore, if you purchase Peabody Energy's shares on or after the 21st of February, you won't be eligible to receive the dividend, when it is paid on the 13th of March.

The company's next dividend payment will be US$0.075 per share. Last year, in total, the company distributed US$0.30 to shareholders. Based on the last year's worth of payments, Peabody Energy has a trailing yield of 1.2% on the current stock price of US$24.63. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing.

View our latest analysis for Peabody Energy