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Analyzing AllianceBernstein Holding's Ex-Dividend Date

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On October 22, 2020, AllianceBernstein Holding (NYSE: AB) announced shareholders can expect to receive a dividend payable on November 12, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. AllianceBernstein Holding has an ex-dividend date planned for October 30, 2020. The company's current dividend payout sits at $0.69. That equates to a dividend yield of 8.54% 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.

Understanding AllianceBernstein Holding's Dividend Performance

Over the past year, AllianceBernstein Holding has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on November 1, 2019 the company's payout was $0.63, which has since grown by $0.06. AllianceBernstein Holding's dividend yield last year was 9.05%, which has since decreased by 0.51%.
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