Published on 11 Jan 2024 on Simply Wall St. via Yahoo Finance
Luxfer Holdings PLC (NYSE:LXFR) stock is about to trade ex-dividend in 4 days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. 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. Thus, you can purchase Luxfer Holdings' shares before the 18th of January in order to receive the dividend, which the company will pay on the 7th of February.
The company's next dividend payment will be US$0.13 per share. Last year, in total, the company distributed US$0.52 to shareholders. Based on the last year's worth of payments, Luxfer Holdings stock has a trailing yield of around 6.2% on the current share price of $8.37. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
Check out our latest analysis for Luxfer Holdings