Some investors rely on dividends for growing their wealth, and if you’re one of those dividend sleuths, you might be intrigued to know that Hi-Trend Technology (Shanghai) Co., Ltd. (SHSE:688391) is about to go ex-dividend in just 3 days. Typically, the ex-dividend date is one business day before the record date which is the date on which a company determines the shareholders eligible to receive a dividend. 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 Hi-Trend Technology (Shanghai)’s shares before the 14th of May in order to be eligible for the dividend, which will be paid on the 14th of May.
The company’s next dividend payment will be CN¥0.80 per share, and in the last 12 months, the company paid a total of CN¥0.80 per share. Calculating the last year’s worth of payments shows that Hi-Trend…
