It has been a disappointing past couple of weeks for the Woolworths Group Ltd (ASX: WOW) share price.
Since touching a four-month high of $39.61 on 19 August, the conglomerate's shares have sunk 7.5%.
They're faring better today, with the Woolworths share price up 0.27% to $36.63 at the time of writing.
Despite the current slump, shareholders will have something to look forward to as Woolworths trades ex-dividend tomorrow.
Ex-dividend nears for Woolworths shares
Following the recent volatility on the ASX, the Woolworths share price has been seesawing of late.
Its shares finished 3.21% in the red when the company released its full-year results on 25 August.
However, the next day, investors were bidding up its shares to end 1.55% higher.
Nonetheless, there's been quite a bit of action as the ex-dividend date approaches. The volume of shares traded has lifted from around 1.5 million shares swapping hands daily to about 4 million on Friday, and 2.25 million yesterday.
Investors will need to buy the company's shares before market close today to be eligible for the final dividend. The ex-dividend date falls tomorrow on 31 August.
The dividend is also fully franked, which means that you'll receive franking credits to put towards your next tax bill.
When can Woolworths shareholders expect payment?
For those eligible for Woolworths' final dividend, shareholders will receive a payment of 53 cents per share on 27 September.
This brings the company's full year dividend to 92 cents in comparison to the $1.08 per share declared in the previous financial year.
Management noted that excluding the 17 cents of dividends related to Endeavour Group Ltd (ASX: EDV) in FY 2021, the total dividend has actually increased in line with earnings growth.
Furthermore, the company has returned $2 billion to shareholders by way of a share buyback in October.
Woolworths share price summary
Over the past 12 months, the Woolworths share price backtracked 12% due to an extremely challenging operating environment.
The company's shares reached a 52-week low of $32.62 in mid-June before sharply accelerating in the following weeks.
Woolworths commands a market capitalisation of approximately $44.34 billion and has a dividend yield of 2.56%.
