Published on 1 Mar 2024 on Simply Wall St. via Yahoo Finance

It Might Not Be A Great Idea To Buy Treasury Wine Estates Limited (ASX:TWE) For Its Next Dividend

Regular readers will know that we love our dividends at Simply Wall St, which is why it's exciting to see Treasury Wine Estates Limited (ASX:TWE) is about to trade ex-dividend in the next four 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. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. Thus, you can purchase Treasury Wine Estates' shares before the 6th of March in order to receive the dividend, which the company will pay on the 3rd of April.

The company's next dividend payment will be AU$0.17 per share, and in the last 12 months, the company paid a total of AU$0.34 per share. Looking at the last 12 months of distributions, Treasury Wine Estates has a trailing yield of approximately 2.8% on its current stock price of AU$12.35. 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.

See our latest analysis for Treasury Wine Estates