Published on 12 May 2024 on Simply Wall St. via Yahoo Finance

Why You Might Be Interested In Kingfisher plc (LON:KGF) For Its Upcoming Dividend

It looks like Kingfisher plc (LON:KGF) is about to go ex-dividend in the next 3 days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. 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. Thus, you can purchase Kingfisher's shares before the 16th of May in order to receive the dividend, which the company will pay on the 25th of June.

The company's next dividend payment will be UK£0.086 per share. Last year, in total, the company distributed UK£0.12 to shareholders. Based on the last year's worth of payments, Kingfisher stock has a trailing yield of around 4.7% on the current share price of UK£2.616. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! We need to see whether the dividend is covered by earnings and if it's growing.