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Ex-Dividend Date Insight: AGCO

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On October 29, 2020, AGCO (NYSE: AGCO) declared a dividend payable on December 15, 2020 to its shareholders. AGCO 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. AGCO has an ex-dividend date set for for November 13, 2020. The company's current dividend payout is $0.16, which equates to a dividend yield of 0.84% at current price levels.

What Are 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.

Understanding AGCO's Dividend History

Over the past year, AGCO has seen no change regarding its dividend payouts and yields. Last year on November 14, 2019 the company's payout sat at $0.16. AGCO's dividend yield last year was 0.84.
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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