Published on 8 May 2024 on Simply Wall St. via Yahoo Finance
Why You Might Be Interested In Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) For Its Upcoming...
Home Bancshares, Inc. (Conway, AR) (NYSE:HOMB) stock is about to trade ex-dividend in 4 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Therefore, if you purchase Home Bancshares (Conway AR)'s shares on or after the 14th of May, you won't be eligible to receive the dividend, when it is paid on the 5th of June.
The company's next dividend payment will be US$0.18 per share. Last year, in total, the company distributed US$0.72 to shareholders. Looking at the last 12 months of distributions, Home Bancshares (Conway AR) has a trailing yield of approximately 2.9% on its current stock price of US$24.62. If you buy this business for its dividend, you should have an idea of whether Home Bancshares (Conway AR)'s dividend is reliable and sustainable. So we need to investigate whether Home Bancshares (Conway AR) can afford its dividend, and if the dividend could grow.