Published on 30 May 2024 on Simply Wall St. via Yahoo Finance

The Hartford Financial Services Group, Inc. (NYSE:HIG) Passed Our Checks, And It's About To Pay A...

The Hartford Financial Services Group, Inc. (NYSE:HIG) stock is about to trade ex-dividend in 3 days. The ex-dividend date is one business day before a company's record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Accordingly, Hartford Financial Services Group investors that purchase the stock on or after the 3rd of June will not receive the dividend, which will be paid on the 2nd of July.

The company's next dividend payment will be US$0.47 per share, and in the last 12 months, the company paid a total of US$1.88 per share. Last year's total dividend payments show that Hartford Financial Services Group has a trailing yield of 1.9% on the current share price of US$99.75. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. We need to see whether the dividend is covered by earnings and if it's growing.