Published on 2 Aug 2023 on Simply Wall St. via Yahoo Finance

Interested In PCTEL's (NASDAQ:PCTI) Upcoming US$0.055 Dividend? You Have Four Days Left

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see PCTEL, Inc. (NASDAQ:PCTI) is about to trade ex-dividend in the next 4 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a 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. This means that investors who purchase PCTEL's shares on or after the 7th of August will not receive the dividend, which will be paid on the 15th of August.

The company's next dividend payment will be US$0.055 per share, and in the last 12 months, the company paid a total of US$0.22 per share. Looking at the last 12 months of distributions, PCTEL has a trailing yield of approximately 4.5% on its current stock price of $4.86. If you buy this business for its dividend, you should have an idea of whether PCTEL's dividend is reliable and sustainable. So we need to investigate whether PCTEL can afford its dividend, and if the dividend could grow.