Published on 5 May 2024 on Simply Wall St. via Yahoo Finance

Should You Buy Olin Corporation (NYSE:OLN) For Its Upcoming Dividend?

It looks like Olin Corporation (NYSE:OLN) is about to go ex-dividend in the next two days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a 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. Accordingly, Olin investors that purchase the stock on or after the 8th of May will not receive the dividend, which will be paid on the 14th of June.

The company's next dividend payment will be US$0.20 per share, and in the last 12 months, the company paid a total of US$0.80 per share. Based on the last year's worth of payments, Olin stock has a trailing yield of around 1.5% on the current share price of US$53.63. If you buy this business for its dividend, you should have an idea of whether Olin's dividend is reliable and sustainable. As a result, readers should always check whether Olin has been able to grow its dividends, or if the dividend might be cut.