Analyzing Tekla Healthcare Opps's Ex-Dividend Date

On July 9, 2021, Tekla Healthcare Opps (NYSE:THQ) declared a dividend payable on July 30, 2021 to its shareholders. Tekla Healthcare Opps also announced that shareholders on the company's books on or before July 20, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Tekla Healthcare Opps, whose current dividend payout is $0.11, has an ex-dividend date set at July 19, 2021. The payout equates to a dividend yield of 5.73% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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 Tekla Healthcare Opps's Dividend History

Over the past year, Tekla Healthcare Opps has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on March 18, 2021 the company's payout was $0.11, which has returned to its value today. Tekla Healthcare Opps's dividend yield last year was 6.58%, which has since decreased by 0.85%.
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 Tekla Healthcare Opps's previous dividends.