Published on 5 Feb 2024 on Simply Wall St. via Yahoo Finance

Don't Buy Brookline Bancorp, Inc. (NASDAQ:BRKL) For Its Next Dividend Without Doing These Checks

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Brookline Bancorp, Inc. (NASDAQ:BRKL) is about to trade ex-dividend in the next 4 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. In other words, investors can purchase Brookline Bancorp's shares before the 8th of February in order to be eligible for the dividend, which will be paid on the 23rd of February.

The company's upcoming dividend is US$0.135 a share, following on from the last 12 months, when the company distributed a total of US$0.54 per share to shareholders. Calculating the last year's worth of payments shows that Brookline Bancorp has a trailing yield of 5.2% on the current share price of US$10.46. 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! So we need to investigate whether Brookline Bancorp can afford its dividend, and if the dividend could grow.

View our latest analysis for Brookline Bancorp