Regular readers will know that we love our dividends at Simply Wall St, which is why it’s exciting to see Shanghai Xujiahui Commercial Co., Ltd. (SZSE:002561) is about to trade ex-dividend in the next three 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. In other words, investors can purchase Shanghai Xujiahui Commercial’s shares before the 14th of May in order to be eligible for the dividend, which will be paid on the 14th of May.
The company’s upcoming dividend is CN¥0.12 a share, following on from the last 12 months, when the company distributed a total of CN¥0.12 per share to shareholders. Based on the last year’s worth of…
