Ex-Dividend Date Insight: Artisan Partners Asset

On October 27, 2020, Artisan Partners Asset APAM declared a dividend payable on November 30, 2020 to its shareholders. Artisan Partners Asset also announced that shareholders on the company's books on or before November 16, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Artisan Partners Asset, which has a current dividend per share of $0.83, has an ex-dividend date scheduled for November 13, 2020. That equates to a dividend yield of 7.78% 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Artisan Partners Asset's Dividend Performance

Over the past year, Artisan Partners Asset has seen its dividend payouts climb upward and its yields trend downward. Last year on February 13, 2020 the company's payout sat at $0.68, which has since increased by $0.15. Artisan Partners Asset's dividend yield last year was 8.08%, which has since decreased by 0.3%.
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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