Published on 3 Mar 2024 on Simply Wall St. via Yahoo Finance

Just Three Days Till Lear Corporation (NYSE:LEA) Will Be Trading Ex-Dividend

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 Lear Corporation (NYSE:LEA) is about to go ex-dividend in just 3 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. Accordingly, Lear investors that purchase the stock on or after the 7th of March will not receive the dividend, which will be paid on the 27th of March.

The company's upcoming dividend is US$0.77 a share, following on from the last 12 months, when the company distributed a total of US$3.08 per share to shareholders. Looking at the last 12 months of distributions, Lear has a trailing yield of approximately 2.3% on its current stock price of US$136.42. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to investigate whether Lear can afford its dividend, and if the dividend could grow.

Check out our latest analysis for Lear