Shanghai Film Co., Ltd. (SHSE:601595) stock is about to trade ex-dividend in 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 of consequence because whenever a stock is bought or sold, the trade takes at least two business day to settle. Accordingly, Shanghai Film investors that purchase the stock on or after the 31st of July will not receive the dividend, which will be paid on the 31st of July.
The company’s next dividend payment will be CN¥0.114 per share, on the back of last year when the company paid a total of CN¥0.11 to shareholders. Based on the last year’s worth of payments, Shanghai Film stock has a trailing yield of around 0.6% on the current share price of CN¥18.24. Dividends are a major contributor to investment returns for long term holders,…
