Published on 20 Jun 2024 on Simply Wall St. · via Yahoo Finance

Is It Smart To Buy Sonova Holding AG (VTX:SOON) Before It Goes Ex-Dividend?

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Sonova Holding AG (VTX:SOON) is about to trade ex-dividend in the next 3 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 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. Meaning, you will need to purchase Sonova Holding's shares before the 13th of June to receive the dividend, which will be paid on the 17th of June.

The company's next dividend payment will be CHF04.30 per share, and in the last 12 months, the company paid a total of CHF4.30 per share. Last year's total dividend payments show that Sonova Holding has a trailing yield of 1.5% on the current share price of CHF0288.40. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to check whether the dividend payments are covered, and if earnings are growing.