Published on 23 Mar 2024 on Simply Wall St. via Yahoo Finance

Commercial Metals Company (NYSE:CMC) Looks Interesting, And It's About To Pay A Dividend

Readers hoping to buy Commercial Metals Company (NYSE:CMC) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order 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. Thus, you can purchase Commercial Metals' shares before the 28th of March in order to receive the dividend, which the company will pay on the 10th of April.

The company's next dividend payment will be US$0.18 per share, on the back of last year when the company paid a total of US$0.64 to shareholders. Based on the last year's worth of payments, Commercial Metals has a trailing yield of 1.1% on the current stock price of US$57.87. 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! As a result, readers should always check whether Commercial Metals has been able to grow its dividends, or if the dividend might be cut.

View our latest analysis for Commercial Metals