Readers hoping to buy Shanghai Shyndec Pharmaceutical Co., Ltd. (SHSE:600420) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company’s books in order 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, Shanghai Shyndec Pharmaceutical investors that purchase the stock on or after the 18th of June will not receive the dividend, which will be paid on the 18th of June.
The company’s next dividend payment will be CN¥0.10 per share, and in the last 12 months, the company paid a total of CN¥0.10 per share. Based on the last year’s worth of payments, Shanghai Shyndec Pharmaceutical stock has a trailing yield of around 0.9% on…
