Shanghai Chicmax Cosmetic Co., Ltd. (HKG:2145) stock is about to trade ex-dividend in 4 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 because any transaction on a stock needs to have been settled before the record date in order to be eligible for a dividend. In other words, investors can purchase Shanghai Chicmax Cosmetic’s shares before the 3rd of June in order to be eligible for the dividend, which will be paid on the 28th of June.
The company’s next dividend payment will be CN¥0.75 per share, on the back of last year when the company paid a total of CN¥0.40 to shareholders. Looking at the last 12 months of distributions, Shanghai Chicmax Cosmetic has a trailing yield of approximately 2.3% on its current stock price of HK$44.85. Dividends are an…
