Here’s when the next Myer Holdings Ltd dividend is due

Due to a sharp fall in the Myer Holdings Ltd (ASX: MYR) share price this year, the department store operator’s shares currently provide investors with a trailing fully franked 7.1% dividend.

Whilst its underperformance this year may mean that it ultimately has to cut it, existing shareholders will no doubt be hopeful that it can at least maintain its current pay out.

When is the next Myer dividend due?

If the embattled retailer is able to keep paying its dividend, shareholders won’t have long to wait until its next instalment.

Traditionally Myer’s shares go ex-dividend towards the end of September for its final dividend. This is then paid into shareholders’ bank accounts approximately six weeks later in mid-November.

Its interim dividend is then usually paid out during the first week of May, having gone ex-dividend in the last week of March.

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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia has no position in any of the stocks mentioned. We Fools may not all hold the same opinions, but we all believe that considering a diverse range of insights makes us better investors. The Motley Fool has a disclosure policy. This article contains general investment advice only (under AFSL 400691). Authorised by Bruce Jackson.

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