Last Chance to Buy CochLear ADR Stock to Receive the Upcoming Dividend

CochLear ADR (CHEOY) stock goes ex-dividend on Mar 18, 2023 ahead of the upcoming cash dividend payment of $0.1868913 per share. The $0.1868913 per share CochLear ADR dividend is expected to be payed on May 01, 2023, and represents an approximate yield of 1.17%. To receive the dividend, investors and traders have to buy shares of CHEOY before the ex-dividend date. As explained below, buying a stock on the ex-dividend date is too late to get the next dividend payment of $0.1868913 per share.

CochLear ADR Ex-Dividend Date Explained

To determine whether or not an investor can expect to receive the CochLear ADR dividend payment on May 01, 2023, they’ll need to look at two important dates – the “record date” or “date of record” and the “ex-dividend date” or “ex-date.” When a company declares a dividend, it sets a record date when you must be on the company’s books as a shareholder to receive the dividend. Once the company sets the record date, the ex-date is set based on stock exchange rules and other factors. The ex-dividend date for stocks is usually set one business day before the record date. If an investor buys CHEOY stock on Mar 18, 2023 or after, they will not receive the next dividend payment on May 01, 2023. Instead, the seller will receive the dividend. If the investor purchases or owns CochLear ADR stock today, before the ex-dividend date of Mar 18, 2023, they will get the dividend payment of $0.1868913 per share on May 01, 2023.

For more dividend news click here. Subscribe below or follow MRKTS Briefs so you never miss another important investor update.