Readers hoping to buy Advantage Risk Management Co., Ltd. (TSE:8769) 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. It is important to be aware of the ex-dividend date because any trade on the stock needs to have been settled on or before the record date. This means that investors who purchase Advantage Risk Management’s shares on or after the 28th of March will not receive the dividend, which will be paid on the 1st of July.
The company’s upcoming dividend is JP¥12.00 a share, following on from the last 12 months, when the company distributed a total of JP¥10.00 per share to shareholders. Based on the last year’s worth of payments, Advantage Risk Management has a trailing yield of 2.4% on the current stock price of JP¥423.00. If you buy this business for its dividend, you should have an idea of whether Advantage Risk Management’s dividend is reliable and sustainable. We need to see whether the dividend is covered by…
