Published on 14 Nov 2021 on Simply Wall St. via Yahoo Finance
Wesfarmers Limited (ASX:WES) is about to trade ex-dividend in the next four 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 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. Therefore, if you purchase Wesfarmers' shares on or after the 18th of November, you won't be eligible to receive the dividend, when it is paid on the 2nd of December.
The upcoming dividend for Wesfarmers is AU$2.00 per share, increased from last year's total dividends per share of AU$1.80. 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! So we need to check whether the dividend payments are covered, and if earnings are growing.
View our latest analysis for Wesfarmers