Published on 4 Apr 2024 on Simply Wall St. via Yahoo Finance

Dividend Investors: Don't Be Too Quick To Buy Glacier Bancorp, Inc. (NYSE:GBCI) For Its Upcoming...

Glacier Bancorp, Inc. (NYSE:GBCI) is about to trade ex-dividend in the next 3 days. 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 of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Thus, you can purchase Glacier Bancorp's shares before the 8th of April in order to receive the dividend, which the company will pay on the 18th of April.

The company's next dividend payment will be US$0.33 per share, on the back of last year when the company paid a total of US$1.32 to shareholders. Last year's total dividend payments show that Glacier Bancorp has a trailing yield of 3.5% on the current share price of US$37.81. If you buy this business for its dividend, you should have an idea of whether Glacier Bancorp's dividend is reliable and sustainable. So we need to check whether the dividend payments are covered, and if earnings are growing.

See our latest analysis for Glacier Bancorp