It looks like Shanghai Kelai Mechatronics Engineering Co.,Ltd. (SHSE:603960) is about to go ex-dividend in the next 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. Meaning, you will need to purchase Shanghai Kelai Mechatronics EngineeringLtd’s shares before the 12th of June to receive the dividend, which will be paid on the 12th of June.
The company’s next dividend payment will be CN¥0.106 per share, on the back of last year when the company paid a total of CN¥0.11 to shareholders. Calculating the last year’s worth of payments shows that Shanghai Kelai Mechatronics EngineeringLtd has a trailing yield of 0.5% on the current share price of CN¥21.60….
