Understanding Silvercorp Metals's Ex-Dividend Date

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Silvercorp Metals SVM declared a dividend payable on December 16, 2020 to its shareholders as of November 10, 2020. It was also announced that shareholders of Silvercorp Metals's stock as of November 25, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Silvercorp Metals, whose current dividend payout is $0.01, has an ex-dividend date set at November 24, 2020. The payout equates to a dividend yield of 0.32% at current price levels.

What Is An Ex-Dividend Date?

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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Silvercorp Metals's Dividend History

Over the past year, Silvercorp Metals has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on November 27, 2018 the company's payout was $0.01, which has returned to its value today. Silvercorp Metals's dividend yield last year was 1.33%, which has since decreased by 1.01%.
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 Silvercorp Metals click here.

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Posted In: Dividends
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