Zoetis Inc. (NYSE:ZTS) is about to trade ex-dividend in the next 2 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 as the process of settlement involves a full business day. So if you miss that date, you would not show up on the company’s books on the record date. Accordingly, Zoetis investors that purchase the stock on or after the 31st of October will not receive the dividend, which will be paid on the 2nd of December.
The company’s next dividend payment will be US$0.50 per share. Last year, in total, the company distributed US$2.00 to shareholders. Last year’s total dividend payments show that Zoetis has a trailing yield of 1.4% on the current share price of US$147.53. Dividends are a major contributor to investment returns for long term…
