On October 8, 2020, Plains All American PAA declared a dividend payable on November 13, 2020 to its shareholders. Plains All American 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 Plains All American is set for October 29, 2020. The company's current dividend payout sits at $0.18, equating to a dividend yield of 12.5% at current price levels.
What Are Ex-Dividend Dates?
Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.
Plains All American's Dividend Performance
Over the past year, Plains All American has experienced an overall downward trend regarding its dividend payouts and an upward trend regarding its yields. Last year on October 30, 2019 the company's payout was $0.36, which has since decreased by $0.18. Plains All American's dividend yield last year was 7.17%, which has since grown by 5.33%.
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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