What you need to know about the CSL (ASX:CSL) dividend dates in 2021

To be eligible for CSL's upcoming dividend, here's what you need to know…

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The CSL Limited (ASX: CSL) share price closed 1.47% lower on Wednesday following the company's FY21 full-year results.

However, while CSL reported a strong performance, investors will be keen to know the details regarding its dividend.

Below, we look at all the details given to us.

What you need to know about CSL's dividend dates

CSL released the distribution amount and payment dates of its final dividend for the 2021 financial year today.

The company will reward its shareholders with US$1.18 per share. This brings the full-year dividend to US$2.22 per share, up 10% year-on-year.

Based on the current CSL share price of $293.56 apiece, this gives the company a trailing dividend yield of just over 1%.

While this may not seem much, it's worth noting that the CSL share price has enjoyed strong growth over the long term. In fact, in the past 5 years, the average return for investment stands at 22.86% per year.

Here's a summary of the important dates CSL shareholders will need to know:

Ex-dividend date

The ex-dividend date will be 2 September 2021.

Typically one day before the record date, the ex-dividend date is when investors must have purchased CSL shares. If the investor does not buy CSL shares before this date, the dividend will go to the seller.

Record date

The record date for CSL's final dividend is 3 September 2021.

Essentially acting as the cut-off date, this is the date where the company identifies which investors are on its register. Those who are on the CSL's books will be eligible to receive its upcoming dividend.

Payment date

The payment date for the CSL's dividend will be 30 September 2021.

This is when investors can expect to see the final dividend of US$1.18 per share land in their accounts.

CSL share price snapshot

It has been a whirlwind year for CSL shares which have been relatively flat for the last 12 months. Year-to-date, the share price has fared slightly better, gaining around 4%.

On valuation grounds, CSL has a market capitalisation of roughly $134 billion, with 455 million shares on issue.

Motley Fool contributor Aaron Teboneras owns shares of CSL Ltd. The Motley Fool Australia's parent company Motley Fool Holdings Inc. owns shares of and has recommended CSL Ltd. 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 Bruce Jackson.

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