Market Overview

Understanding SL Green Realty's Ex-Dividend Date

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On October 20, 2020, SL Green Realty (NYSE: SLG) declared a dividend payable on November 16, 2020 to its shareholders. SL Green Realty also announced that shareholders on the company's books on or before October 30, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for SL Green Realty will be on October 29, 2020. The company's current dividend payout is at $0.29. That equates to a dividend yield of 7.76% at current price levels.

The Significance Of An Ex-Dividend Date

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 SL Green Realty's Dividend Payouts And Yields

Over the past year, SL Green Realty has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on June 29, 2020 the company's payout was $0.29, which has returned to its value today. SL Green Realty's dividend yield last year was 6.61%, which has since grown by 1.15%.
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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Posted-In: Dividends

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