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

Employers Holdings, Inc. (NYSE:EIG) Looks Like A Good Stock, And It's Going Ex-Dividend Soon

Employers Holdings, Inc. (NYSE:EIG) 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 important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. In other words, investors can purchase Employers Holdings' shares before the 27th of February in order to be eligible for the dividend, which will be paid on the 13th of March.

The company's upcoming dividend is US$0.28 a share, following on from the last 12 months, when the company distributed a total of US$1.12 per share to shareholders. Looking at the last 12 months of distributions, Employers Holdings has a trailing yield of approximately 2.4% on its current stock price of US$46.33. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to investigate whether Employers Holdings can afford its dividend, and if the dividend could grow.

See our latest analysis for Employers Holdings