Published on 19 Jun 2024 on Simply Wall St. · via Yahoo Finance

Be Sure To Check Out CONMED Corporation (NYSE:CNMD) Before It Goes Ex-Dividend

CONMED Corporation (NYSE:CNMD) is about to trade ex-dividend in the next 4 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 important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Meaning, you will need to purchase CONMED's shares before the 14th of June to receive the dividend, which will be paid on the 5th of July.

The company's next dividend payment will be US$0.20 per share, on the back of last year when the company paid a total of US$0.80 to shareholders. Last year's total dividend payments show that CONMED has a trailing yield of 1.0% on the current share price of US$76.41. 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 investigate whether CONMED can afford its dividend, and if the dividend could grow.