Published on 18 Feb 2024 on Simply Wall St. via Yahoo Finance

Civeo Corporation (NYSE:CVEO) Stock Goes Ex-Dividend In Just Four Days

Readers hoping to buy Civeo Corporation (NYSE:CVEO) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company's books as a shareholder in order to receive the dividend. The ex-dividend date is important because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. Accordingly, Civeo investors that purchase the stock on or after the 23rd of February will not receive the dividend, which will be paid on the 18th of March.

The company's next dividend payment will be US$0.25 per share, on the back of last year when the company paid a total of US$1.00 to shareholders. Looking at the last 12 months of distributions, Civeo has a trailing yield of approximately 4.3% on its current stock price of US$22.99. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to check whether the dividend payments are covered, and if earnings are growing.

Check out our latest analysis for Civeo