Published on 26 Nov 2023 on Simply Wall St. via Yahoo Finance

Why You Might Be Interested In 3i Group plc (LON:III) For Its Upcoming Dividend

3i Group plc (LON:III) is about to trade ex-dividend in the next three days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a 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. In other words, investors can purchase 3i Group's shares before the 30th of November in order to be eligible for the dividend, which will be paid on the 12th of January.

The company's upcoming dividend is UK£0.27 a share, following on from the last 12 months, when the company distributed a total of UK£0.56 per share to shareholders. Calculating the last year's worth of payments shows that 3i Group has a trailing yield of 2.6% on the current share price of £21.79. If you buy this business for its dividend, you should have an idea of whether 3i Group's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.

Check out our latest analysis for 3i Group