Published on 26 Aug 2023 on Simply Wall St. via Yahoo Finance

Woolworths Group Limited (ASX:WOW) Will Pay A AU$0.58 Dividend In Four Days

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Woolworths Group Limited (ASX:WOW) is about to trade ex-dividend in the next 4 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 an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. Thus, you can purchase Woolworths Group's shares before the 31st of August in order to receive the dividend, which the company will pay on the 27th of September.

The company's upcoming dividend is AU$0.58 a share, following on from the last 12 months, when the company distributed a total of AU$1.04 per share to shareholders. Looking at the last 12 months of distributions, Woolworths Group has a trailing yield of approximately 2.8% on its current stock price of A$37.41. If you buy this business for its dividend, you should have an idea of whether Woolworths Group's dividend is reliable and sustainable. So we need to investigate whether Woolworths Group can afford its dividend, and if the dividend could grow.

See our latest analysis for Woolworths Group