Published on 4 Feb 2024 on Simply Wall St. via Yahoo Finance

Is It Smart To Buy Siemens Aktiengesellschaft (ETR:SIE) Before It Goes Ex-Dividend?

Siemens Aktiengesellschaft (ETR:SIE) is about to trade ex-dividend in the next 4 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled 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, Siemens investors that purchase the stock on or after the 9th of February will not receive the dividend, which will be paid on the 13th of February.

The company's next dividend payment will be €4.70 per share. Last year, in total, the company distributed €4.70 to shareholders. Calculating the last year's worth of payments shows that Siemens has a trailing yield of 2.8% on the current share price of €166.66. 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 check whether the dividend payments are covered, and if earnings are growing.

View our latest analysis for Siemens