It looks like Shanghai Film Co., Ltd. (SHSE:601595) is about to go ex-dividend in the next 3 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. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. In other words, investors can purchase Shanghai Film’s shares before the 20th of December in order to be eligible for the dividend, which will be paid on the 20th of December.
The company’s next dividend payment will be CN¥0.096 per share. Last year, in total, the company distributed CN¥0.11 to shareholders. Calculating the last year’s worth of payments shows that Shanghai Film has a trailing yield of 0.4% on the current share price of CN¥27.86. We love seeing companies pay a dividend, but it’s also…
