Published on 2 Mar 2024 on Simply Wall St. via Yahoo Finance

ITT Inc. (NYSE:ITT) Looks Interesting, And It's About To Pay A Dividend

It looks like ITT Inc. (NYSE:ITT) 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. 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. This means that investors who purchase ITT's shares on or after the 7th of March will not receive the dividend, which will be paid on the 1st of April.

The company's next dividend payment will be US$0.319 per share. Last year, in total, the company distributed US$1.28 to shareholders. Looking at the last 12 months of distributions, ITT has a trailing yield of approximately 1.0% on its current stock price of US$126.66. If you buy this business for its dividend, you should have an idea of whether ITT's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.

View our latest analysis for ITT