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Ex-Dividend Date Insight: People's United Finl

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On October 22, 2020, People's United Finl (NASDAQ: PBCT) declared a dividend payable on November 15, 2020 to its shareholders. People's United Finl also announced that shareholders on the company's books on or before November 2, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. People's United Finl, whose current dividend payout is $0.18, has an ex-dividend date set at October 30, 2020. The payout equates to a dividend yield of 6.82% at current price levels.

Understanding 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. Most ex-dividend dates operate on a quarterly basis.

People's United Finl's Dividend Payouts And Yields

Over the past year, People's United Finl has seen its dividend payouts remain the same and its yields climb upward overall. Last year on October 30, 2019 the company's payout sat at $0.18, which has returned to its value today. People's United Finl's dividend yield last year was 4.5%, which has since grown by 2.32%.
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