Published on 26 Nov 2023 on Simply Wall St. via Yahoo Finance
Associated Banc-Corp (NYSE:ASB) is about to trade ex-dividend in the next 3 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. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Accordingly, Associated Banc-Corp investors that purchase the stock on or after the 30th of November will not receive the dividend, which will be paid on the 15th of December.
The company's next dividend payment will be US$0.22 per share, on the back of last year when the company paid a total of US$0.88 to shareholders. Based on the last year's worth of payments, Associated Banc-Corp stock has a trailing yield of around 5.0% on the current share price of $17.73. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether Associated Banc-Corp has been able to grow its dividends, or if the dividend might be cut.
View our latest analysis for Associated Banc-Corp