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Understanding Shenandoah's Ex-Dividend Date

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Shenandoah (NASDAQ: SHEN) declared a dividend payable on December 1, 2020 to its shareholders as of October 27, 2020. It was also announced that shareholders of Shenandoah's stock as of November 12, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 2 business day(s) before the record date. Shenandoah, which has a current dividend payout of $0.34, has an ex-dividend date scheduled for November 10, 2020. That equates to a dividend yield of 0.76% 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Shenandoah's Dividend Payouts And Yields

Over the past year, Shenandoah has seen its dividend payouts climb upward and its yields trend downward. Last year on November 2, 2016 the company's payout sat at $0.25, which has since increased by $0.09. Shenandoah's dividend yield last year was 0.98%, which has since decreased by 0.22%.
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