Want to grab the CSL dividend? There’s not much time left!

CSL Ltd (ASX: CSL) will allocate the company’s latest dividend payout to its shareholders at the start of April.

Anyone interested in receiving this payment will need to be quick because before then, the huge ASX healthcare share needs to figure out who is entitled to receive the payment.

CSL ex-dividend date

The key date to know is the ex-dividend date. Investors will miss out if they don’t own shares by this date.

For CSL, the ex-dividend date is 11 March, which is on Monday. That means investors must own CSL shares by the end of trading tomorrow (Friday, 8 March) to be eligible to receive the dividend.

When will investors receive their dividends?

The company has advised it will pay the CSL dividend on 3 April 2024 – that’s less than a month away.

It’s going to pay an unfranked interim dividend per share of US$1.19. At the time of the FY24 first-half announcement, in Australian dollar terms this represented approximately A$1.81 per share (an increase of 12%). We’ll know the actual amount in Australian dollar terms on 14 March.

How much did CSL profit grow?

CSL reported good growth in the HY24 result with a number of its financial metrics. Revenue rose 11% in constant currency terms to $8.05 billion.

The net profit after tax (NPAT) rose 17% to $1.9 billion and the underlying net profit after tax (NPATA) rose 11% to $2.02 billion. These profit numbers pay for the CSL dividend.

For FY24, it’s expecting to report NPATA in the range of between $2.9 billion to $3 billion at constant currency, representing growth of between 13% to 17%.

The company also said it was “in a strong position to deliver annualised double-digit earnings growth over the medium-term”.

The post Want to grab the CSL dividend? There’s not much time left! appeared first on The Motley Fool Australia.

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More reading

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• Is this a new threat for CSL shares?
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• Has the CSL share price got further to fall?

Motley Fool contributor Tristan Harrison has no position in any of the stocks mentioned. The Motley Fool Australia’s parent company Motley Fool Holdings Inc. has positions in and has recommended CSL. The Motley Fool Australia has recommended CSL. 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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