Published on 30 Aug 2023 on Simply Wall St. via Yahoo Finance

Three Days Left To Buy SpartanNash Company (NASDAQ:SPTN) Before The Ex-Dividend Date

Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that SpartanNash Company (NASDAQ:SPTN) is about to go ex-dividend in just three days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Meaning, you will need to purchase SpartanNash's shares before the 14th of September to receive the dividend, which will be paid on the 29th of September.

The company's next dividend payment will be US$0.21 per share, and in the last 12 months, the company paid a total of US$0.86 per share. Last year's total dividend payments show that SpartanNash has a trailing yield of 4.0% on the current share price of $21.31. If you buy this business for its dividend, you should have an idea of whether SpartanNash's dividend is reliable and sustainable. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.

See our latest analysis for SpartanNash