Readers hoping to buy Shanghai Baosteel Packaging Co., Ltd. (SHSE:601968) for its dividend will need to make their move shortly, as the stock is about to trade ex-dividend. The ex-dividend date is usually set to be one business day before the record date which is the cut-off date on which you must be present on the company’s books as a shareholder in order to receive the dividend. 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. Therefore, if you purchase Shanghai Baosteel Packaging’s shares on or after the 13th of June, you won’t be eligible to receive the dividend, when it is paid on the 13th of June.
The company’s next dividend payment will be CN¥0.098 per share. Last year, in total, the company distributed CN¥0.098 to shareholders. Calculating the last year’s worth of payments shows that Shanghai Baosteel Packaging has a trailing…
