Published on 24 Feb 2024 on Simply Wall St. via Yahoo Finance

Do These 3 Checks Before Buying Woolworths Group Limited (ASX:WOW) For Its Upcoming Dividend

Woolworths Group Limited (ASX:WOW) stock is about to trade ex-dividend in 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. 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 28th of February in order to receive the dividend, which the company will pay on the 11th of April.

The company's next dividend payment will be AU$0.47 per share, and in the last 12 months, the company paid a total of AU$1.04 per share. Looking at the last 12 months of distributions, Woolworths Group has a trailing yield of approximately 3.2% on its current stock price of AU$32.78. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. As a result, readers should always check whether Woolworths Group has been able to grow its dividends, or if the dividend might be cut.

View our latest analysis for Woolworths Group