Published on 9 Mar 2024 on Simply Wall St. via Yahoo Finance

Be Sure To Check Out Loblaw Companies Limited (TSE:L) Before It Goes Ex-Dividend

It looks like Loblaw Companies Limited (TSE:L) is about to go 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 important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. In other words, investors can purchase Loblaw Companies' shares before the 14th of March in order to be eligible for the dividend, which will be paid on the 1st of April.

The company's next dividend payment will be CA$0.446 per share, on the back of last year when the company paid a total of CA$1.78 to shareholders. Calculating the last year's worth of payments shows that Loblaw Companies has a trailing yield of 1.2% on the current share price of CA$148.66. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to investigate whether Loblaw Companies can afford its dividend, and if the dividend could grow.

View our latest analysis for Loblaw Companies