Published on 11 May 2024 on Simply Wall St. via Yahoo Finance

Why You Might Be Interested In IMCD N.V. (AMS:IMCD) For Its Upcoming Dividend

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 IMCD N.V. (AMS:IMCD) is about to go ex-dividend in just 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. 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. In other words, investors can purchase IMCD's shares before the 16th of May in order to be eligible for the dividend, which will be paid on the 21st of May.

The company's next dividend payment will be €2.24 per share. Last year, in total, the company distributed €2.24 to shareholders. Calculating the last year's worth of payments shows that IMCD has a trailing yield of 1.5% on the current share price of €147.30. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to investigate whether IMCD can afford its dividend, and if the dividend could grow.