Published on 5 May 2023 on Simply Wall St. via Yahoo Finance
Readers hoping to buy FS Bancorp, Inc. (NASDAQ:FSBW) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. 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 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. Thus, you can purchase FS Bancorp's shares before the 10th of May in order to receive the dividend, which the company will pay on the 25th of May.
The company's next dividend payment will be US$0.25 per share, on the back of last year when the company paid a total of US$1.00 to shareholders. Based on the last year's worth of payments, FS Bancorp has a trailing yield of 3.5% on the current stock price of $28.87. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
See our latest analysis for FS Bancorp