Although the Bendigo and Adelaide Bank Ltd (ASX: BEN) share price has climbed over 7% in the last month, its shares still provide income investors with one of the more generous yields on the Australian share market.
If the regional banks maintains its current pay out over the next 12 months, investors purchasing shares today would receive a fully franked 5.9% dividend.
When do you need to invest to receive it?
Although the date and amount has not yet been finalised, traditionally Bendigo and Adelaide Bank's shares go ex-dividend at the start of September for its final dividend.
This dividend is then paid to shareholders on the last day of the month.
Investors should then expect to receive the bank's interim dividend into their account at the end of March, with its shares going ex-dividend at the beginning of that month.
