Shanghai Kaibao Pharmaceutical CO.,Ltd (SZSE:300039) is about to trade ex-dividend in the next 2 days. The ex-dividend date is one business day before a company’s record date, which is the date on which the company determines which shareholders are entitled to receive a dividend. The ex-dividend date is important as the process of settlement involves two full business days. So if you miss that date, you would not show up on the company’s books on the record date. Meaning, you will need to purchase Shanghai Kaibao PharmaceuticalLtd’s shares before the 19th of June to receive the dividend, which will be paid on the 19th of June.
The company’s next dividend payment will be CN¥0.10 per share. Last year, in total, the company distributed CN¥0.10 to shareholders. Based on the last year’s worth of payments, Shanghai Kaibao PharmaceuticalLtd stock has a trailing yield of around 1.8% on the current share price of CN¥5.67. …
