Published on 6 Aug 2023 on Simply Wall St. via Yahoo Finance

Domino's Pizza Group (LON:DOM) Could Be A Buy For Its Upcoming Dividend

Readers hoping to buy Domino's Pizza Group plc (LON:DOM) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Meaning, you will need to purchase Domino's Pizza Group's shares before the 10th of August to receive the dividend, which will be paid on the 20th of September.

The company's next dividend payment will be UK£0.033 per share, on the back of last year when the company paid a total of UK£0.10 to shareholders. Last year's total dividend payments show that Domino's Pizza Group has a trailing yield of 2.5% on the current share price of £4.022. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether Domino's Pizza Group has been able to grow its dividends, or if the dividend might be cut.

Check out our latest analysis for Domino's Pizza Group