Published on 24 Nov 2022 on Simply Wall St. via Yahoo Finance

Be Sure To Check Out Barrick Gold Corporation (TSE:ABX) Before It Goes Ex-Dividend

Readers hoping to buy Barrick Gold Corporation (TSE:ABX) 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. 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. Therefore, if you purchase Barrick Gold's shares on or after the 29th of November, you won't be eligible to receive the dividend, when it is paid on the 15th of December.

The company's next dividend payment will be US$0.15 per share. Last year, in total, the company distributed US$0.65 to shareholders. Based on the last year's worth of payments, Barrick Gold stock has a trailing yield of around 4.0% on the current share price of CA$21.72. 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 Barrick Gold