Market Overview

Ex-Dividend Date Insight: Extended Stay America

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On November 9, 2020, Extended Stay America (NASDAQ: STAY) announced shareholders can expect to receive a dividend payable on December 8, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Extended Stay America has an ex-dividend date planned for November 23, 2020. The company's current dividend payout sits at $0.01. That equates to a dividend yield of 0.32% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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.

Extended Stay America's Dividend Payouts And Yields

Over the past year, Extended Stay America has seen its dividend payouts and yields descend downward overall. Last year on November 19, 2019 the company's payout sat at $0.23, which has since decreased by $0.22. Extended Stay America's dividend yield last year was 6.28%, which has since declined by 5.96%.
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.

To read more news on Extended Stay America click here.

 

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