Published on 11 Aug 2022 on Simply Wall St. via Yahoo Finance
RE/MAX Holdings, Inc. (NYSE:RMAX) stock is about to trade ex-dividend in 3 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. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. This means that investors who purchase RE/MAX Holdings' shares on or after the 15th of August will not receive the dividend, which will be paid on the 30th of August.
The company's upcoming dividend is US$0.23 a share, following on from the last 12 months, when the company distributed a total of US$0.92 per share to shareholders. Calculating the last year's worth of payments shows that RE/MAX Holdings has a trailing yield of 3.4% on the current share price of $27.24. 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 RE/MAX Holdings