Published on 24 Nov 2023 on Simply Wall St. via Yahoo Finance

Altius Minerals Corporation (TSE:ALS) Stock Goes Ex-Dividend In Just Four Days

Altius Minerals Corporation (TSE:ALS) is about to trade ex-dividend in the next four 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. Accordingly, Altius Minerals investors that purchase the stock on or after the 29th of November will not receive the dividend, which will be paid on the 15th of December.

The company's next dividend payment will be CA$0.08 per share. Last year, in total, the company distributed CA$0.32 to shareholders. Calculating the last year's worth of payments shows that Altius Minerals has a trailing yield of 1.7% on the current share price of CA$18.74. 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 check whether the dividend payments are covered, and if earnings are growing.

See our latest analysis for Altius Minerals