Published on 6 May 2024 on Simply Wall St. via Yahoo Finance
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Southwest Gas Holdings, Inc. (NYSE:SWX) is about to go ex-dividend in just 4 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 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 Southwest Gas Holdings' shares on or after the 14th of May, you won't be eligible to receive the dividend, when it is paid on the 3rd of June.
The company's upcoming dividend is US$0.62 a share, following on from the last 12 months, when the company distributed a total of US$2.48 per share to shareholders. Calculating the last year's worth of payments shows that Southwest Gas Holdings has a trailing yield of 3.3% on the current share price of US$75.79. If you buy this business for its dividend, you should have an idea of whether Southwest Gas Holdings's dividend is reliable and sustainable. As a result, readers should always check whether Southwest Gas Holdings has been able to grow its dividends, or if the dividend might be cut.