Published on 13 Aug 2023 on Simply Wall St. via Yahoo Finance

Don't Race Out To Buy Schroders plc (LON:SDR) Just Because It's Going Ex-Dividend

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 Schroders plc (LON:SDR) is about to go ex-dividend in just 3 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. 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 Schroders' shares before the 17th of August to receive the dividend, which will be paid on the 21st of September.

The company's next dividend payment will be UK£0.065 per share, and in the last 12 months, the company paid a total of UK£0.21 per share. Looking at the last 12 months of distributions, Schroders has a trailing yield of approximately 4.9% on its current stock price of £4.345. 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! So we need to check whether the dividend payments are covered, and if earnings are growing.

Check out our latest analysis for Schroders