Understanding Newell Brands's Ex-Dividend Date


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Newell Brands (NASDAQ: NWL) declared a dividend payable on December 15, 2020 to its shareholders as of November 5, 2020. It was also announced that shareholders of Newell Brands's stock as of November 30, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Newell Brands will be on November 27, 2020. The company's current dividend payout is at $0.23. That equates to a dividend yield of 4.88% at current price levels.

The Significance Of Ex-Dividend Dates

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Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.

Understanding Newell Brands's Dividend Performance

Over the past year, Newell Brands has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on November 26, 2019 the company's payout was $0.23, which has returned to its value today. Newell Brands's dividend yield last year was 4.41%, which has since grown by 0.47%.
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.

Click here to find details on Newell Brands's previous dividends.


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Posted In: Dividends