Published on 23 Mar 2024 on Simply Wall St. via Yahoo Finance

Be Sure To Check Out Designer Brands Inc. (NYSE:DBI) Before It Goes 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 Designer Brands Inc. (NYSE:DBI) is about to go ex-dividend in just 3 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Therefore, if you purchase Designer Brands' shares on or after the 27th of March, you won't be eligible to receive the dividend, when it is paid on the 12th of April.

The company's upcoming dividend is US$0.05 a share, following on from the last 12 months, when the company distributed a total of US$0.20 per share to shareholders. Based on the last year's worth of payments, Designer Brands has a trailing yield of 1.8% on the current stock price of US$11.22. If you buy this business for its dividend, you should have an idea of whether Designer Brands's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.

See our latest analysis for Designer Brands