Published on 12 Nov 2023 on Simply Wall St. via Yahoo Finance
Dividend Investors: Don't Be Too Quick To Buy BGSF, Inc. (NYSE:BGSF) For Its Upcoming Dividend
BGSF, Inc. (NYSE:BGSF) 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 of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Accordingly, BGSF investors that purchase the stock on or after the 17th of November will not receive the dividend, which will be paid on the 28th of November.
The company's next dividend payment will be US$0.15 per share, on the back of last year when the company paid a total of US$0.60 to shareholders. Last year's total dividend payments show that BGSF has a trailing yield of 6.1% on the current share price of $9.8. 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! As a result, readers should always check whether BGSF has been able to grow its dividends, or if the dividend might be cut.
Check out our latest analysis for BGSF