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

Income Investors Should Know That Berkshire Hills Bancorp, Inc. (NYSE:BHLB) Goes Ex-Dividend Soon

Readers hoping to buy Berkshire Hills Bancorp, Inc. (NYSE:BHLB) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. 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 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. Thus, you can purchase Berkshire Hills Bancorp's shares before the 20th of March in order to receive the dividend, which the company will pay on the 4th of April.

The company's next dividend payment will be US$0.18 per share, on the back of last year when the company paid a total of US$0.72 to shareholders. Based on the last year's worth of payments, Berkshire Hills Bancorp stock has a trailing yield of around 3.3% on the current share price of US$21.94. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it's growing.

See our latest analysis for Berkshire Hills Bancorp