The Kansai Electric Power Company, Incorporated (TSE:9503) is about to trade ex-dividend in the next three days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a 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, Kansai Electric Power Company investors that purchase the stock on or after the 28th of March will not receive the dividend, which will be paid on the 1st of July.
The company’s next dividend payment will be JP¥25.00 per share, and in the last 12 months, the company paid a total of JP¥50.00 per share. Based on the last year’s worth of payments, Kansai Electric Power Company has a trailing yield of 2.3% on the current stock price of JP¥2170.50. Dividends are a major…
