Time is running out to secure the Goodman Group dividend. Here’s what you need to do

The Goodman Group (ASX: GMG) share price has been in a funk over the past couple of months.

Despite finishing yesterday’s session 0.96% higher to $18.86, shares in the integrated commercial and industrial property group haven’t performed since May.

In fact, from the beginning of May, the Goodman Group share price is down 22%.

In comparison, the S&P/ASX 200 Index (ASX: XJO) has fallen by 10% over the same time frame.

Goodman shares set to go ex-dividend

Today is the last day for ASX investors to secure Goodman’s latest dividend.

Its shares are set to trade without rights (ex-dividend) on Wednesday.

It’s worth noting though that historically when a company reaches its ex-dividend day, its shares tend to fall. This is because investors try to make a quick profit by selling their shares.

When will Goodman shareholders be paid?

For those who are eligible for the Goodman dividend, the payment of 15 cents per stapled security will be made on 25 August.

This is in line with the previous dividends that have been paid out since 2019.

The dividend is unfranked, which means shareholders won’t receive any tax credits for the upcoming financial year.

Goodman Group share price summary

Over the past 12 months, Goodman shares have fallen by 10%.

However, when looking at the year to date, its shares are deeper in the red, down by 29%.

The company’s shares reached a 52-week low of $16.80 earlier this month before slightly rebounding in the following weeks.

Goodman Group commands a market capitalisation of $34.79 billion based on yesterday’s closing share price. It has a trailing dividend yield of 1.61%.

The post Time is running out to secure the Goodman Group dividend. Here’s what you need to do appeared first on The Motley Fool Australia.

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Motley Fool contributor Aaron Teboneras 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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