Hoping to bag the latest Medibank dividend? Read this

Time is running out to secure the Medibank Private Ltd (ASX: MPL) dividend.

Because by this time tomorrow, it will have reached its ex-dividend date, which is the time when shares trade without their dividend.

Here are some important details to keep in mind.

Medibank dividend

Medibank offers investors an interim dividend of 7.3 cents per share. It’s fully franked too, so it carries certain tax benefits.

The dividend is payable on 29 September and has a trailing dividend yield of 3.7%.

You must hold Medibank shares before the ex-dividend date to receive the dividend.

Zooming out a little, we see that 7.3 cents per share is the highest dividend the company has ever offered investors in its dividend history, stretching back to 2015.

As my Fool colleague Cathryn pointed out, this is likely due to the company seeing a 9% boost in its net profit after tax (NPAT) for FY22 and, thus, being able to distribute higher profits to investors.

Medibank share price snapshot

Shares of Medibank currently trade for $3.655 each, up 0.69% on yesterday’s closing price of $3.63.

The Medibank share price is up 9.25% year to date. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is down around 8% over the same period.

The company’s current market capitalisation is approximately $10 billion.

The post Hoping to bag the latest Medibank dividend? Read this appeared first on The Motley Fool Australia.

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More reading

• These 9 ASX 200 shares are going ex-dividend tomorrow
• Can the Medibank share price deliver healthy growth and dividends?
• Analysts name 2 ASX 200 dividend shares to buy now
• 3 ASX 200 shares breaking multi-year highs on Tuesday
• Why did the Medibank share price just crack a new all-time high?

Motley Fool contributor Matthew Farley has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has no position in any of the stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Scott Phillips.

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