Regular readers will know that we love our dividends at Simply Wall St, which is why it’s exciting to see Shanghai Laiyifen Co.,Ltd (SHSE:603777) is about to trade 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 an important date to be aware of as any purchase of the stock made on or after this date might mean a late settlement that doesn’t show on the record date. Accordingly, Shanghai LaiyifenLtd investors that purchase the stock on or after the 4th of July will not receive the dividend, which will be paid on the 4th of July.
The company’s upcoming dividend is CN¥0.05117 a share, following on from the last 12 months, when the company distributed a total of CN¥0.051 per share to shareholders. Calculating the last year’s worth of…
