Published on 28 Aug 2023 on Simply Wall St. via Yahoo Finance

Don't Race Out To Buy Croda International Plc (LON:CRDA) Just Because It's Going 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 Croda International Plc (LON:CRDA) is about to go ex-dividend in just two 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. 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. Thus, you can purchase Croda International's shares before the 31st of August in order to receive the dividend, which the company will pay on the 3rd of October.

The company's next dividend payment will be UK£0.47 per share, and in the last 12 months, the company paid a total of UK£1.08 per share. Based on the last year's worth of payments, Croda International has a trailing yield of 2.0% on the current stock price of £53.82. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether Croda International has been able to grow its dividends, or if the dividend might be cut.

Check out our latest analysis for Croda International