Published on 25 Apr 2024 on Simply Wall St. via Yahoo Finance
Income Investors Should Know That Cal-Maine Foods, Inc. (NASDAQ:CALM) Goes Ex-Dividend Soon
It looks like Cal-Maine Foods, Inc. (NASDAQ:CALM) is about to go 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 of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. This means that investors who purchase Cal-Maine Foods' shares on or after the 30th of April will not receive the dividend, which will be paid on the 16th of May.
The company's next dividend payment will be US$0.997 per share, and in the last 12 months, the company paid a total of US$5.17 per share. Based on the last year's worth of payments, Cal-Maine Foods has a trailing yield of 8.8% on the current stock price of US$58.82. 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! As a result, readers should always check whether Cal-Maine Foods has been able to grow its dividends, or if the dividend might be cut.