Published on 26 Apr 2024 on Simply Wall St. via Yahoo Finance

Be Sure To Check Out UBS Group AG (VTX:UBSG) 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 UBS Group AG (VTX:UBSG) is about to trade ex-dividend in the next three 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 important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company's books on the record date. Meaning, you will need to purchase UBS Group's shares before the 30th of April to receive the dividend, which will be paid on the 3rd of May.

The company's upcoming dividend is US$0.70 a share, following on from the last 12 months, when the company distributed a total of US$0.70 per share to shareholders. Based on the last year's worth of payments, UBS Group stock has a trailing yield of around 2.6% on the current share price of CHF024.96. Dividends are a major contributor to investment returns for long term holders, but only if the dividend continues to be paid. That's why we should always check whether the dividend payments appear sustainable, and if the company is growing.