It looks like NZX Limited (NZSE:NZX) is about to go ex-dividend in the next four days. If you purchase the stock on or after the 3rd of September, you won’t be eligible to receive this dividend, when it is paid on the 18th of September.
NZX’s next dividend payment will be NZ$0.035 per share, and in the last 12 months, the company paid a total of NZ$0.061 per share. Looking at the last 12 months of distributions, NZX has a trailing yield of approximately 3.7% on its current stock price of NZ$1.64. Dividends are an important source of income to many shareholders, but the health of the business is crucial to maintaining those dividends. So we need to investigate whether NZX can afford its dividend, and if the dividend could grow.
Check out our latest analysis for NZX
Dividends are typically paid from company earnings. If a company pays more