Published on 4 Mar 2023 on Simply Wall St. via Yahoo Finance

Four Days Left Until Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) Trades Ex-Dividend

Ruth's Hospitality Group, Inc. (NASDAQ:RUTH) stock is about to trade ex-dividend in 4 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. Meaning, you will need to purchase Ruth's Hospitality Group's shares before the 9th of March to receive the dividend, which will be paid on the 24th of March.

The company's next dividend payment will be US$0.16 per share, and in the last 12 months, the company paid a total of US$0.64 per share. Based on the last year's worth of payments, Ruth's Hospitality Group stock has a trailing yield of around 3.4% on the current share price of $18.72. We love seeing companies pay a dividend, but it's also important to be sure that laying the golden eggs isn't going to kill our golden goose! We need to see whether the dividend is covered by earnings and if it's growing.