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On October 29, 2020, United States Steel (NYSE: X) announced shareholders can expect to receive a dividend payable on December 10, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. United States Steel, which has a current dividend payout of $0.01, has an ex-dividend date scheduled for November 6, 2020. That equates to a dividend yield of 0.43% at current price levels.
The Significance Of Ex-Dividend Dates
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An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. Usually, a company's ex-dividend date falls one business day before its record date. Investors should keep this in mind when purchasing stocks because buying them on or after ex-dividend dates does not qualify them to receive the declared payment. Newly declared dividends go to shareholders who have owned that stock before the ex-dividend date. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Understanding United States Steel's Dividend Performance
Over the past year, United States Steel has seen its dividend payouts and yields descend downward overall. Last year on November 12, 2019 the company's payout sat at $0.05, which has since decreased by $0.04. United States Steel's dividend yield last year was 1.67%, which has since declined by 1.24%.
Companies use dividend yields in different strategic ways. Some companies may opt to not give yields altogether to reinvest in themselves. Other companies may opt to increase or decrease their yield amounts to control how their shares circulate throughout the stock market.
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Crypto Whales Are Loading Up — Are You?
New research shows the biggest crypto buyers are back. And this time? They could hold for the possibility that Bitcoin will surpass $100,000 in 2024. You don’t want to miss the next massive crypto bull run like we saw in 2020 and 2021. To know exactly what’s going on and what to buy… Get Access To Benzinga’s Best Crypto Research and Investments For Only $1.