Published on 23 Dec 2023 on Simply Wall St. via Yahoo Finance
Some investors rely on dividends for growing their wealth, and if you're one of those dividend sleuths, you might be intrigued to know that BancFirst Corporation (NASDAQ:BANF) is about to go ex-dividend in just 4 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Thus, you can purchase BancFirst's shares before the 28th of December in order to receive the dividend, which the company will pay on the 16th of January.
The company's next dividend payment will be US$0.43 per share, on the back of last year when the company paid a total of US$1.72 to shareholders. Looking at the last 12 months of distributions, BancFirst has a trailing yield of approximately 1.8% on its current stock price of $98.08. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. As a result, readers should always check whether BancFirst has been able to grow its dividends, or if the dividend might be cut.
View our latest analysis for BancFirst