Published on 16 Dec 2023 on Simply Wall St. via Yahoo Finance

We Wouldn't Be Too Quick To Buy Boston Pizza Royalties Income Fund (TSE:BPF.UN) Before It Goes...

Boston Pizza Royalties Income Fund (TSE:BPF.UN) stock is about to trade ex-dividend in three 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 of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Meaning, you will need to purchase Boston Pizza Royalties Income Fund's shares before the 20th of December to receive the dividend, which will be paid on the 29th of December.

The company's next dividend payment will be CA$0.11 per share, on the back of last year when the company paid a total of CA$0.43 to shareholders. Last year's total dividend payments show that Boston Pizza Royalties Income Fund has a trailing yield of 2.8% on the current share price of CA$15.18. 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! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.

See our latest analysis for Boston Pizza Royalties Income Fund