Market Overview

Ex-Dividend Date Insight: West Pharmaceutical Servs


On October 28, 2020, West Pharmaceutical Servs (NYSE: WST) declared a dividend payable on November 18, 2020 to its shareholders. West Pharmaceutical Servs also announced that shareholders on the company's books on or before November 11, 2020 are entitled to the dividend. The stock will then go ex-dividend 2 business day(s) before the record date. The ex-dividend date for West Pharmaceutical Servs will be on November 9, 2020. The company's current dividend payout is at $0.17. That equates to a dividend yield of 0.24% at current price levels.

The Significance Of Ex-Dividend Dates

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 West Pharmaceutical Servs's Dividend History

Over the past year, West Pharmaceutical Servs has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on October 22, 2019 the company's payout was $0.16, which has since grown by $0.01. West Pharmaceutical Servs's dividend yield last year was 1.0%, which has since decreased by 0.76%.
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