Published on 11 May 2024 on Simply Wall St. via Yahoo Finance

Be Sure To Check Out HCI Group, Inc. (NYSE:HCI) Before It Goes Ex-Dividend

Readers hoping to buy HCI Group, Inc. (NYSE:HCI) 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 the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Therefore, if you purchase HCI Group's shares on or after the 16th of May, you won't be eligible to receive the dividend, when it is paid on the 21st of June.

The company's next dividend payment will be US$0.40 per share. Last year, in total, the company distributed US$1.60 to shareholders. Looking at the last 12 months of distributions, HCI Group has a trailing yield of approximately 1.5% on its current stock price of US$103.78. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.