Time is running out to secure the Medibank Private Ltd (ASX: MPL) dividend.
Because by this time tomorrow, it will have reached its ex-dividend date, which is the time when shares trade without their dividend.
Here are some important details to keep in mind.
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Medibank dividend
Medibank offers investors an interim dividend of 7.3 cents per share. It's fully franked too, so it carries certain tax benefits.
The dividend is payable on 29 September and has a trailing dividend yield of 3.7%.
You must hold Medibank shares before the ex-dividend date to receive the dividend.
Zooming out a little, we see that 7.3 cents per share is the highest dividend the company has ever offered investors in its dividend history, stretching back to 2015.
As my Fool colleague Cathryn pointed out, this is likely due to the company seeing a 9% boost in its net profit after tax (NPAT) for FY22 and, thus, being able to distribute higher profits to investors.
Medibank share price snapshot
Shares of Medibank currently trade for $3.655 each, up 0.69% on yesterday's closing price of $3.63.
The Medibank share price is up 9.25% year to date. Meanwhile, the S&P/ASX 200 Index (ASX: XJO) is down around 8% over the same period.
The company's current market capitalisation is approximately $10 billion.
