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.
On February 17, 2021, Armstrong World Indus (NYSE:AWI) declared a dividend payable on March 18, 2021 to its shareholders. Armstrong World Indus also announced that shareholders on the company's books on or before March 4, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Armstrong World Indus, whose current dividend payout is $0.21, has an ex-dividend date set at March 3, 2021. The payout equates to a dividend yield of 1.02% at current price levels.
The Significance Of An Ex-Dividend Date
Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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.
Armstrong World Indus's Dividend History
Over the past year, Armstrong World Indus has experienced an overall upward trend regarding its dividend payouts and yields. Last year on March 4, 2020 the company's payout was $0.2, which has since grown by $0.01. Similarly, Armstrong World Indus's dividend yield in last year was 0.76%, which has since grown by 0.26%.
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.
To read more about Armstrong World Indus click here.
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.
ENTER TO WIN $500 IN STOCK OR CRYPTO
Enter your email and you'll also get Benzinga's ultimate morning update AND a free $30 gift card and more!