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Ex-Dividend Date Insight: S&T Bancorp

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S&T Bancorp (NASDAQ: STBA) declared a dividend payable on November 19, 2020 to its shareholders as of October 20, 2020. It was also announced that shareholders of S&T Bancorp's stock as of November 5, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. S&T Bancorp, whose current dividend payout is $0.28, has an ex-dividend date set at November 4, 2020. The payout equates to a dividend yield of 5.63% at current price levels.

What Is An Ex-Dividend Date?

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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.

S&T Bancorp's Dividend History

Over the past year, S&T Bancorp has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on November 6, 2019 the company's payout was $0.28, which has returned to its value today. S&T Bancorp's dividend yield last year was 3.05%, which has since grown by 2.58%.
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.

To read more about S&T Bancorp click here.

 

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Posted-In: Dividends