Published on 2 Jun 2024 on Simply Wall St. via Yahoo Finance
Why It Might Not Make Sense To Buy C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) For Its Upcoming...
C.H. Robinson Worldwide, Inc. (NASDAQ:CHRW) 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 important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. In other words, investors can purchase C.H. Robinson Worldwide's shares before the 7th of June in order to be eligible for the dividend, which will be paid on the 1st of July.
The company's next dividend payment will be US$0.61 per share. Last year, in total, the company distributed US$2.44 to shareholders. Looking at the last 12 months of distributions, C.H. Robinson Worldwide has a trailing yield of approximately 2.8% on its current stock price of US$86.37. If you buy this business for its dividend, you should have an idea of whether C.H. Robinson Worldwide's dividend is reliable and sustainable. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.