Published on 10 Jun 2023 on Simply Wall St. via Yahoo Finance

We Wouldn't Be Too Quick To Buy Intermediate Capital Group plc (LON:ICP) Before It Goes Ex-Dividend

Intermediate Capital Group plc (LON:ICP) is about to trade ex-dividend in the next 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. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Therefore, if you purchase Intermediate Capital Group's shares on or after the 15th of June, you won't be eligible to receive the dividend, when it is paid on the 4th of August.

The company's next dividend payment will be UK£0.52 per share, on the back of last year when the company paid a total of UK£0.78 to shareholders. Based on the last year's worth of payments, Intermediate Capital Group stock has a trailing yield of around 5.2% on the current share price of £14.77. If you buy this business for its dividend, you should have an idea of whether Intermediate Capital Group's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing.

See our latest analysis for Intermediate Capital Group