Published on 25 Apr 2024 on Simply Wall St. via Yahoo Finance

Northern Technologies International Corporation (NASDAQ:NTIC) Pays A US$0.07 Dividend In Just Four...

Northern Technologies International Corporation (NASDAQ:NTIC) is about to trade ex-dividend in the next 4 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. In other words, investors can purchase Northern Technologies International's shares before the 30th of April in order to be eligible for the dividend, which will be paid on the 15th of May.

The company's next dividend payment will be US$0.07 per share. Last year, in total, the company distributed US$0.28 to shareholders. Calculating the last year's worth of payments shows that Northern Technologies International has a trailing yield of 1.6% on the current share price of US$17.35. If you buy this business for its dividend, you should have an idea of whether Northern Technologies International's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.