Published on 16 Mar 2024 on Simply Wall St. via Yahoo Finance
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that Schindler Holding AG (VTX:SCHN) is about to go ex-dividend in just 3 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. This means that investors who purchase Schindler Holding's shares on or after the 21st of March will not receive the dividend, which will be paid on the 25th of March.
The company's upcoming dividend is CHF05.00 a share, following on from the last 12 months, when the company distributed a total of CHF4.00 per share to shareholders. Based on the last year's worth of payments, Schindler Holding stock has a trailing yield of around 1.8% on the current share price of CHF0228.40. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether Schindler Holding has been able to grow its dividends, or if the dividend might be cut.
Check out our latest analysis for Schindler Holding