Published on 3 Sep 2023 on Simply Wall St. via Yahoo Finance

Sonic Healthcare Limited (ASX:SHL) Goes Ex-Dividend Soon

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Sonic Healthcare Limited (ASX:SHL) is about to trade ex-dividend in the next three 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. 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. Meaning, you will need to purchase Sonic Healthcare's shares before the 6th of September to receive the dividend, which will be paid on the 21st of September.

The company's next dividend payment will be AU$0.62 per share, and in the last 12 months, the company paid a total of AU$1.04 per share. Calculating the last year's worth of payments shows that Sonic Healthcare has a trailing yield of 3.2% on the current share price of A$32.2. 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! We need to see whether the dividend is covered by earnings and if it's growing.

See our latest analysis for Sonic Healthcare