Published on 15 Nov 2023 on Simply Wall St. via Yahoo Finance

Is It Worth Considering Boston Pizza Royalties Income Fund (TSE:BPF.UN) For Its Upcoming Dividend?

Boston Pizza Royalties Income Fund (TSE:BPF.UN) is about to trade ex-dividend in the next four days. The ex-dividend date is one business day before the record date, which is the cut-off date for shareholders to be present on the company's books to be eligible for a dividend payment. 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. This means that investors who purchase Boston Pizza Royalties Income Fund's shares on or after the 20th of November will not receive the dividend, which will be paid on the 30th of November.

The company's next dividend payment will be CA$0.11 per share, and in the last 12 months, the company paid a total of CA$1.28 per share. Looking at the last 12 months of distributions, Boston Pizza Royalties Income Fund has a trailing yield of approximately 8.3% on its current stock price of CA$15.53. If you buy this business for its dividend, you should have an idea of whether Boston Pizza Royalties Income Fund's dividend is reliable and sustainable. As a result, readers should always check whether Boston Pizza Royalties Income Fund has been able to grow its dividends, or if the dividend might be cut.

Check out our latest analysis for Boston Pizza Royalties Income Fund