The Treasury Wine Estates Ltd (ASX: TWE) share price is having a shaky trading session so far this Tuesday. At the time of writing, Treasury Wine shares are going for $13.135 each, up 0.11% so far today.
That's certainly not as pleasing as the performance of the broader S&P/ASX 200 Index (ASX: XJO). The ASX 200 is currently up by 0.41% at just under 7,000 points.
Indeed, it hasn't been a great time of late for Treasury Wine. The company delivered its full-year earnings report back on 18 August. As we went through at the time, this saw Treasury report a 3.6% drop in revenues for FY22 to $2.48 billion.
But earnings rose 2.6% to $523.7 million, while net profit after tax (NPAT) increased by 4.2% to $322.6 million. Even so, investors don't seem too delighted with these results. That's going off how the Treasury share price has lost around 1.8% since they were released.
But let's talk about Treasury's latest dividend. During its earnings report, Treasury announced that its final dividend for FY22 would come in at 16 cents per share, fully franked.
That was a healthy 23% rise on last year's final dividend. It brings the FY22 total to 31 cents per share, a pleasing rise on FY21's total of 28 cents per share.
So what do investors need to do to secure this upcoming dividend?
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How to crack Treasury Wine shares' latest dividend
Well, they will need to act fast, for one. Treasury Wine shares are scheduled to trade ex-dividend for this upcoming payment tomorrow, 31 August.
That means that any investor who is set on receiving this payment will need to own Treasury Wine shares by the end of this trading day.
Eligible investors will then receive the payment on 30 September next month.
Treasury shareholders will have the option to receive this dividend in either cash or in the form of new shares under the company's dividend reinvestment program (DRP).
Treasury's DRP will be operating for this dividend. But investors won't enjoy any share price discount for reinvestment.
At the current Treasury Wine Estates share price, this ASX 200 share will have a dividend yield of 2.37% when the dividend is doled out next month.
