If you're wanting to receive the outsized Santos Ltd (ASX: STO) dividend payment, you don't have much time.
The S&P/ASX 200 Index (ASX: XJO) energy stock released its full-year results on Wednesday.
The strong results – including a 221% year on year increase in net profit to US$2.1 billion – saw the Santos share price finish the day up 3.1%. It also saw the board declare an unexpectedly juicy, unfranked final dividend.
So, when does Santos trade ex-dividend?
When do Santos shares trade ex-dividend?
Santos trades ex-dividend on Monday, 27 February.
Meaning today is the last day investors have to buy stock in the ASX 200 dividend share to receive the payout.
And what a payout it is.
Santos' 15.1 US cent per share final dividend is up 78% from the 2021 final dividend payout.
You'll notice that the figure is quoted in US currency. Aussie investors, however, will receive their payout in Australian dollars, to be calculated at the going exchange rate on 2 March.
At the current exchange rate, the final dividend works out to 22.1 Australian cents per share.
At yesterday's closing price that works out to an almost instant yield of 3.2%. Though, keep in mind, the Santos share price is likely to fall on Monday when the stock trades ex-dividend.
If you own the stock before market close today, you can expect to be paid on 29 March.
And Santos' dividend reinvestment plan (DRP) is active for interested investors.
How has this ASX 200 energy share been performing?
As you can see in the chart below, the Santos share price is down 2% so far in 2023, not including the passive income the stock offers.
