Published on 25 Nov 2021 on Simply Wall St. via Yahoo Finance
Why You Might Be Interested In Kinross Gold Corporation (TSE:K) For Its Upcoming Dividend
Readers hoping to buy Kinross Gold Corporation (TSE:K) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Therefore, if you purchase Kinross Gold's shares on or after the 30th of November, you won't be eligible to receive the dividend, when it is paid on the 15th of December.
The company's next dividend payment will be US$0.03 per share, and in the last 12 months, the company paid a total of US$0.12 per share. Based on the last year's worth of payments, Kinross Gold has a trailing yield of 1.9% on the current stock price of CA$7.87. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it's growing.
Check out our latest analysis for Kinross Gold