Published on 20 Aug 2023 on Simply Wall St. via Yahoo Finance

Mondi plc (LON:MNDI) Looks Interesting, And It's About To Pay A Dividend

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 Mondi plc (LON:MNDI) is about to go ex-dividend in just 3 days. 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 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. Thus, you can purchase Mondi's shares before the 24th of August in order to receive the dividend, which the company will pay on the 29th of September.

The company's upcoming dividend is €0.23 a share, following on from the last 12 months, when the company distributed a total of €0.72 per share to shareholders. Calculating the last year's worth of payments shows that Mondi has a trailing yield of 4.9% on the current share price of £12.605. If you buy this business for its dividend, you should have an idea of whether Mondi's dividend is reliable and sustainable. As a result, readers should always check whether Mondi has been able to grow its dividends, or if the dividend might be cut.

View our latest analysis for Mondi