27% profits every 20 days?
This is what Nic Chahine averages with his options 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 August 16, 2021, Genuine Parts (NYSE:GPC) announced shareholders can expect to receive a dividend payable on October 1, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Genuine Parts has an ex-dividend date set for for September 2, 2021. The company's current dividend payout is $0.81, which equates to a dividend yield of 2.62% at current price levels.
The Significance Of An Ex-Dividend Date
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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. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Understanding Genuine Parts's Dividend Performance
Over the past year, Genuine Parts has seen its dividend payouts climb upward and its yields trend downward. Last year on September 3, 2020 the company's payout sat at $0.79, which has since increased by $0.02. Genuine Parts's dividend yield last year was 3.34%, which has since decreased by 0.72%.
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 Genuine Parts click here.
To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.
27% profits every 20 days?
This is what Nic Chahine averages with his options 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.