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Caleres (NYSE:CAL) declared a dividend payable on April 9, 2021 to its shareholders as of March 11, 2021. It was also announced that shareholders of Caleres's stock as of March 25, 2021 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 Caleres is set for March 24, 2021. The company's current dividend payout sits at $0.07, equating to a dividend yield of 1.51% at current price levels.
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The Significance Of Ex-Dividend Dates
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 Caleres's Dividend Payouts And Yields
Over the past year, Caleres has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on March 17, 2020 the company's payout was $0.07, which has returned to its value today. Caleres's dividend yield last year was 2.72%, which has since decreased by 1.21%.
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.