Published on 10 Sep 2023 on Simply Wall St. via Yahoo Finance
Should You Buy carsales.com Ltd (ASX:CAR) For Its Upcoming Dividend?
It looks like carsales.com Ltd (ASX:CAR) is about to go ex-dividend in the next four days. 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. This means that investors who purchase carsales.com's shares on or after the 15th of September will not receive the dividend, which will be paid on the 16th of October.
The company's next dividend payment will be AU$0.33 per share, and in the last 12 months, the company paid a total of AU$0.61 per share. Based on the last year's worth of payments, carsales.com stock has a trailing yield of around 2.1% on the current share price of A$28.81. If you buy this business for its dividend, you should have an idea of whether carsales.com's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing.
Check out our latest analysis for carsales.com