Published on 17 Feb 2024 on Simply Wall St. via Yahoo Finance

There's A Lot To Like About STERIS' (NYSE:STE) Upcoming US$0.52 Dividend

Readers hoping to buy STERIS plc (NYSE:STE) 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 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 important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Thus, you can purchase STERIS' shares before the 22nd of February in order to receive the dividend, which the company will pay on the 22nd of March.

The company's next dividend payment will be US$0.52 per share, and in the last 12 months, the company paid a total of US$2.08 per share. Based on the last year's worth of payments, STERIS has a trailing yield of 0.9% on the current stock price of US$231.23. If you buy this business for its dividend, you should have an idea of whether STERIS's dividend is reliable and sustainable. We need to see whether the dividend is covered by earnings and if it's growing.

Check out our latest analysis for STERIS