International Personal Finance (LON:IPF) is approaching its ex-dividend date, giving investors a limited window to purchase shares and receive a dividend. The company will pay a dividend of £0.05 per share, with the ex-dividend date set for March 8, 2024. This means that any purchases made on or after this date will not be eligible for the dividend, which will be paid on March 22, 2024.

IPF’s dividend is significant, offering a yield of 4.5% based on the current stock price of £1.10. The dividend is covered by both profits and cash flow, indicating a sustainable payout. However, investors should consider the company’s financial health and earnings growth to ensure the dividend remains secure.

IPF’s dividend history is relatively short, with the company only paying dividends for a year or so. Despite this, the dividend is well-covered by earnings and cash flow, providing a margin of safety before a potential dividend cut. Investors should weigh the dividend’s attractiveness against the company’s long-term growth prospects and potential risks.