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

Wesfarmers Limited (ASX:WES) Is About To Go Ex-Dividend, And It Pays A 3.0% Yield

Wesfarmers Limited (ASX:WES) stock is about to trade ex-dividend in 2 days. 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. Therefore, if you purchase Wesfarmers' shares on or after the 20th of February, you won't be eligible to receive the dividend, when it is paid on the 27th of March.

The company's next dividend payment will be AU$0.91 per share, and in the last 12 months, the company paid a total of AU$1.91 per share. Calculating the last year's worth of payments shows that Wesfarmers has a trailing yield of 3.0% on the current share price of AU$62.95. 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.

Check out our latest analysis for Wesfarmers