Due to the Woolworths Limited (ASX: WOW) share price climbing almost 25% in the last 12 months and the conglomerate being forced into cutting its dividend, its shares provide a trailing fully franked 2.6% dividend at present.
Whilst this yield may not be the biggest on the market (and investors should consider the potential for the dividend to change), dividends still remains a key part of many investors' portfolios.
When will you receive it?
The next dividend due to be paid to shareholders is the retail giant's final dividend. Although it has yet to be finalised, traditionally its shares go ex-dividend early in September.
After which, shareholders should expect to receive it in their accounts approximately a month later.
Woolworths' interim dividend is then usually paid to shareholders at the start of April, having gone ex-dividend at the beginning of March.
