Published on 14 Nov 2023 on Simply Wall St. · via Yahoo Finance

There's A Lot To Like About GeoPark's (NYSE:GPRK) Upcoming US$0.13 Dividend

GeoPark Limited (NYSE:GPRK) stock is about to trade ex-dividend in 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. The ex-dividend date is of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. In other words, investors can purchase GeoPark's shares before the 24th of November in order to be eligible for the dividend, which will be paid on the 11th of December.

The company's next dividend payment will be US$0.13 per share. Last year, in total, the company distributed US$0.54 to shareholders. Calculating the last year's worth of payments shows that GeoPark has a trailing yield of 5.8% on the current share price of $9.2. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. We need to see whether the dividend is covered by earnings and if it's growing.