Published on 13 Aug 2023 on Simply Wall St. via Yahoo Finance

Only Four Days Left To Cash In On Boston Pizza Royalties Income Fund's (TSE:BPF.UN) Dividend

It looks like Boston Pizza Royalties Income Fund (TSE:BPF.UN) is about to go ex-dividend in the next 4 days. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the 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 Boston Pizza Royalties Income Fund's shares before the 18th of August to receive the dividend, which will be paid on the 31st of August.

The company's next dividend payment will be CA$0.11 per share. Last year, in total, the company distributed CA$1.28 to shareholders. Based on the last year's worth of payments, Boston Pizza Royalties Income Fund has a trailing yield of 7.7% on the current stock price of CA$16.74. 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! So we need to check whether the dividend payments are covered, and if earnings are growing.

View our latest analysis for Boston Pizza Royalties Income Fund