Understanding American Equity Inv's Ex-Dividend Date

On November 16, 2020, American Equity Inv AEL announced shareholders can expect to receive a dividend payable on December 10, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. American Equity Inv, whose current dividend payout is $0.32, has an ex-dividend date set at November 24, 2020. The payout equates to a dividend yield of 1.2% at current price levels.

What Is An Ex-Dividend Date?

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

Understanding American Equity Inv's Dividend History

Over the past year, American Equity Inv has experienced an overall upward trend regarding its dividend payouts and yields. Last year on December 1, 2016 the company's payout was $0.24, which has since grown by $0.08. Similarly, American Equity Inv's dividend yield in last year was 1.1%, which has since grown by 0.1%.
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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