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 Shanghai Rural Commercial Bank Co., Ltd. (SHSE:601825) is about to go ex-dividend in just 2 days. The ex-dividend date occurs one day before the record date which is the day on which shareholders need to be on the company’s books in order 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 Rural Commercial Bank’s shares before the 25th of September in order to be eligible for the dividend, which will be paid on the 25th of September.
The company’s upcoming dividend is CN¥0.239 a share, following on from the last 12 months, when the company distributed a total of CN¥0.38 per share to shareholders. Based on the…
