Published on 26 Apr 2024 on Simply Wall St. via Yahoo Finance

We Wouldn't Be Too Quick To Buy Bâloise Holding AG (VTX:BALN) Before It Goes Ex-Dividend

Readers hoping to buy Bâloise Holding AG (VTX:BALN) 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. 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. Therefore, if you purchase Bâloise Holding's shares on or after the 30th of April, you won't be eligible to receive the dividend, when it is paid on the 3rd of May.

The company's upcoming dividend is CHF07.70 a share, following on from the last 12 months, when the company distributed a total of CHF7.70 per share to shareholders. Based on the last year's worth of payments, Bâloise Holding has a trailing yield of 5.5% on the current stock price of CHF0139.00. If you buy this business for its dividend, you should have an idea of whether Bâloise Holding's dividend is reliable and sustainable. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.