Published on 25 May 2024 on Simply Wall St. via Yahoo Finance

The Sage Group plc (LON:SGE) Is About To Go Ex-Dividend, And It Pays A 1.8% Yield

Readers hoping to buy The Sage Group plc (LON:SGE) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. 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. Thus, you can purchase Sage Group's shares before the 30th of May in order to receive the dividend, which the company will pay on the 28th of June.

The company's next dividend payment will be UK£0.0695 per share, and in the last 12 months, the company paid a total of UK£0.19 per share. Last year's total dividend payments show that Sage Group has a trailing yield of 1.8% on the current share price of UK£10.595. 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.