A cash dividend is a direct payment from a company to its shareholders, drawn from available funds and separate from any change in the share price itself. ZSTTF has declared one at CAD 0.106 per share on a monthly schedule. Payment is set for September 2, 2026.
The eligibility cutoff is August 28, 2026. That is the ex-dividend date: own ZSTTF shares before that day and you qualify for this payment; own them on August 28 or after, and this particular dividend does not come with the shares. The record date also falls on August 28. Record date is the day the company formally confirms which investors appear on its shareholder registry. When these two dates share the same calendar day, as they do here, it is consistent with how equity settlement typically works: a purchase executed the business day before the ex-dividend date settles in time for the buyer to appear on the record date books.
When a company declares a dividend, the word "declared" carries a legal weight that a mere announcement does not. The board has voted, and the payment becomes an obligation on the company's books as of that declaration. The cash moves on September 2, 2026, five calendar days after the August 28 record date.
ZSTTF distributes on a monthly schedule, meaning twelve payments per year. The more common dividend cadence among North American companies is quarterly, four times annually. For a shareholder receiving income from this stock, the monthly schedule compresses the wait between cash receipts.
The per-share amount is CAD 0.106. CAD denotes Canadian dollars. For any shareholder whose account settles in a different currency, that amount will be subject to conversion at the applicable exchange rate at settlement.
August 28 is the date that carries immediate practical weight for anyone who does not yet own shares but is considering the position before this payment.