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On September 29, 2020, Cohen & Steers REIT (NYSE: RNP) announced shareholders can expect to receive a dividend payable on November 30, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Cohen & Steers REIT has an ex-dividend date set for for November 17, 2020. The company's current dividend payout is $0.12, which equates to a dividend yield of 7.29% at current price levels.
The Significance Of An Ex-Dividend Date
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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. Most ex-dividend dates operate on a quarterly basis.
Cohen & Steers REIT's Dividend Payouts And Yields
Over the past year, Cohen & Steers REIT has seen its dividend payouts remain the same and its yields trend downward. Last year on August 18, 2020 the company's payout sat at $0.12, which has returned to its value today. Cohen & Steers REIT's dividend yield last year was 7.94%, which has since decreased by 0.65%.
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.