Published on 9 Mar 2024 on Simply Wall St. via Yahoo Finance
Is It Smart To Buy Hamilton Lane Incorporated (NASDAQ:HLNE) Before It Goes Ex-Dividend?
Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Hamilton Lane Incorporated (NASDAQ:HLNE) is about to trade ex-dividend in the next 4 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company's books in order to receive a dividend. The ex-dividend date is an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn't show on the record date. This means that investors who purchase Hamilton Lane's shares on or after the 14th of March will not receive the dividend, which will be paid on the 4th of April.
The company's next dividend payment will be US$0.445 per share, and in the last 12 months, the company paid a total of US$1.78 per share. Based on the last year's worth of payments, Hamilton Lane stock has a trailing yield of around 1.6% on the current share price of US$108.09. 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! That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.
View our latest analysis for Hamilton Lane