27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.
Teekay LNG Partners (NYSE:TGP) declared a dividend payable on February 12, 2021 to its shareholders as of January 20, 2021. It was also announced that shareholders of Teekay LNG Partners's stock as of February 2, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Teekay LNG Partners has an ex-dividend date planned for February 1, 2021. The company's current dividend payout sits at $0.25. That equates to a dividend yield of 7.43% at current price levels.
What Is 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Understanding Teekay LNG Partners's Dividend Performance
Over the past year, Teekay LNG Partners has experienced an overall upward trend regarding its dividend payouts and yields. Last year on January 30, 2020 the company's payout was $0.19, which has since grown by $0.06. Similarly, Teekay LNG Partners's dividend yield in last year was 5.16%, which has since grown by 2.27%.
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 Teekay LNG Partners's previous dividends.
27% profit every 20 days?
This is what Nic Chahine averages with his option buys. Not selling covered calls or spreads… BUYING options. Most traders don’t even have a winning percentage of 27% buying options. He has an 83% win rate. Here’s how he does it.