Published on 2 Mar 2024 on Simply Wall St. via Yahoo Finance

California Resources Corporation (NYSE:CRC) Looks Interesting, And It's About To Pay A Dividend

It looks like California Resources Corporation (NYSE:CRC) is about to go ex-dividend in the next two 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. In other words, investors can purchase California Resources' shares before the 5th of March in order to be eligible for the dividend, which will be paid on the 18th of March.

The company's next dividend payment will be US$0.31 per share. Last year, in total, the company distributed US$1.24 to shareholders. Last year's total dividend payments show that California Resources has a trailing yield of 2.3% on the current share price of US$53.96. 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! We need to see whether the dividend is covered by earnings and if it's growing.

Check out our latest analysis for California Resources