Published on 10 Jun 2021 on Simply Wall St. via Yahoo Finance

Hardwoods Distribution Inc. (TSE:HDI) Looks Interesting, And It's About To Pay A Dividend

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Hardwoods Distribution Inc. (TSE:HDI) is about to trade ex-dividend in the next 2 days. Investors can purchase shares before the 16th of April in order to be eligible for this dividend, which will be paid on the 30th of April.

Hardwoods Distribution's upcoming dividend is CA$0.10 a share, following on from the last 12 months, when the company distributed a total of CA$0.40 per share to shareholders. Last year's total dividend payments show that Hardwoods Distribution has a trailing yield of 1.2% on the current share price of CA$32.31. 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! So we need to check whether the dividend payments are covered, and if earnings are growing.

See our latest analysis for Hardwoods Distribution