Understanding Bluerock Residential's Ex-Dividend Date

Bluerock Residential BRG declared a dividend payable on April 5, 2021 to its shareholders as of March 12, 2021. It was also announced that shareholders of Bluerock Residential'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. Bluerock Residential, which has a current dividend per share of $0.16, has an ex-dividend date scheduled for March 24, 2021. That equates to a dividend yield of 5.59% at current price levels.

The Significance Of 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Bluerock Residential's Dividend Performance

Over the past year, Bluerock Residential has seen its dividend payouts remain the same and its yields trend downward. Last year on March 24, 2020 the company's payout sat at $0.16, which has returned to its value today. Bluerock Residential's dividend yield last year was 8.43%, which has since decreased by 2.84%.
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 Bluerock Residential's previous dividends.