Analyzing HomeTrust Bancshares's Ex-Dividend Date

On October 29, 2020, HomeTrust Bancshares HTBI announced shareholders can expect to receive a dividend payable on December 3, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for HomeTrust Bancshares will be on November 18, 2020. The company's current dividend payout is at $0.08. That equates to a dividend yield of 2.11% at current price levels.

What Is An Ex-Dividend Date?

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.

HomeTrust Bancshares's Dividend Performance

Over the past year, HomeTrust Bancshares has experienced an overall upward trend regarding its dividend payouts and yields. Last year on November 25, 2019 the company's payout was $0.07, which has since grown by $0.01. Similarly, HomeTrust Bancshares's dividend yield in last year was 1.07%, which has since grown by 1.04%.
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