The time has come for Coles Group Ltd (ASX: COL) shareholders to check their bank accounts today.
The supermarket giant is paying out its latest dividend to those who scooped up its shares before 2 September.
Coles is rewarding eligible shareholders with a fully franked dividend of 30 cents per share.
At the time of writing, the Coles share price is $16.51, down 1.02%. For context, the S&P/ASX 200 Index (ASX: XJO) is up 0.2% to 6,509 points.
Let's take a look at all the details regarding the company's dividend.
Coles pays out its latest dividend
Coles reported a relatively resilient performance in its full-year results despite being impacted by inflationary pressures.
In summary, sales revenue lifted by 2% to $39.4 billion over the prior corresponding period. This was driven by the strong sales growth of its Supermarkets segment (+12%), Liquor (+18%), and Express (+8.1%).
Management noted that "domestic product availability is steadily improving whilst the international supply chain remains more volatile due to the ongoing shipping disruptions and the conflict in Ukraine".
On the bottom line, Coles achieved a net profit after tax (NPAT) of around $1.05 billion, up 4.3%.
Subsequently, the board elected to increase its final dividend by 7.1% from the 28 cents per share in FY 2021.
Based on today's price, Coles has a current dividend yield of 3.83%.
Coles share price snapshot
The Coles share price is down 8% in 2022, but flat when factoring in the last 12 months.
Its shares hit a 52-week high of $19.65 last month before plummeting 15% on the back of its 2022 financial results.
Coles has a price-to-earnings (P/E) ratio of 21.19 and commands a market capitalisation of roughly $22.31 billion.
