Published on 23 Mar 2024 on Simply Wall St. via Yahoo Finance

Interested In Prudential's (LON:PRU) Upcoming US$0.1421 Dividend? You Have Four Days Left

Readers hoping to buy Prudential plc (LON:PRU) 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. This means that investors who purchase Prudential's shares on or after the 28th of March will not receive the dividend, which will be paid on the 16th of May.

The company's next dividend payment will be US$0.1421 per share, and in the last 12 months, the company paid a total of US$0.20 per share. Calculating the last year's worth of payments shows that Prudential has a trailing yield of 2.1% on the current share price of UK£7.784. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. So we need to check whether the dividend payments are covered, and if earnings are growing.

See our latest analysis for Prudential