Here’s when the next Wesfarmers Ltd dividend is due

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.

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Motley Fool contributor Motley Fool Staff has no position in any stocks mentioned. The Motley Fool Australia owns shares of Wesfarmers Limited. 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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