Shanghai Chengtou Holding Co.,Ltd (SHSE:600649) is about to trade ex-dividend in the next two 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. Therefore, if you purchase Shanghai Chengtou HoldingLtd’s shares on or after the 18th of July, you won’t be eligible to receive the dividend, when it is paid on the 18th of July.
The company’s next dividend payment will be CN¥0.06 per share, and in the last 12 months, the company paid a total of CN¥0.06 per share. Calculating the last year’s worth of payments shows that Shanghai Chengtou HoldingLtd has a trailing yield of 1.7% on the current share price of CN¥3.48. …
