Despite the mixed performance of the Wesfarmers Ltd (ASX: WES) share price over the last 12 months, the conglomerate still remains a firm favourite with income investors.
It's not hard to see why either. If Wesfarmers is able to maintain its current pay out, then investors buying its shares today would receive a fully franked 4.8% dividend over the next 12 months.
When do you need to invest to receive it?
The good news is that Wesfarmers' final dividend isn't too far away. Although it has yet to be finalised, traditionally its shares go ex-dividend for it towards the end of August.
Shareholders should then expect to receive the dividend in their bank account approximately six weeks later during the first week of October.
After which, the next instalment generally hits the bank accounts of shareholders at the end of March, having gone ex-dividend in mid to late February.
