Published on 18 May 2024 on Simply Wall St. · via Yahoo Finance

Cabot Corporation (NYSE:CBT) Passed Our Checks, And It's About To Pay A US$0.43...

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Cabot Corporation (NYSE:CBT) is about to trade ex-dividend in the next four 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 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. Accordingly, Cabot investors that purchase the stock on or after the 31st of May will not receive the dividend, which will be paid on the 14th of June.

The company's next dividend payment will be US$0.43 per share. Last year, in total, the company distributed US$1.72 to shareholders. Based on the last year's worth of payments, Cabot stock has a trailing yield of around 1.7% on the current share price of US$102.13. 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 Cabot has been able to grow its dividends, or if the dividend might be cut.