Analyzing Piedmont Office Realty's Ex-Dividend Date

On October 28, 2020, Piedmont Office Realty PDM declared a dividend payable on January 4, 2021 to its shareholders. Piedmont Office Realty also announced that shareholders on the company's books on or before November 27, 2020 are entitled to the dividend. The stock will then go ex-dividend 2 business day(s) before the record date. Piedmont Office Realty has an ex-dividend date set for for November 25, 2020. The company's current dividend payout is $0.21, which equates to a dividend yield of 6.92% at current price levels.

The Significance Of 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.

Piedmont Office Realty's Dividend Payouts And Yields

Over the past year, Piedmont Office Realty has seen its dividend payouts remain the same and its yields climb upward overall. Last year on November 27, 2019 the company's payout sat at $0.21, which has returned to its value today. Piedmont Office Realty's dividend yield last year was 3.98%, which has since grown by 2.94%.
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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