Published on 7 Mar 2024 on Simply Wall St. via Yahoo Finance
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 HP Inc. (NYSE:HPQ) 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 of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. In other words, investors can purchase HP's shares before the 12th of March in order to be eligible for the dividend, which will be paid on the 3rd of April.
The company's next dividend payment will be US$0.2756 per share, on the back of last year when the company paid a total of US$1.10 to shareholders. Last year's total dividend payments show that HP has a trailing yield of 3.6% on the current share price of US$30.23. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
View our latest analysis for HP