Ex-Dividend Date Insight: PJT Partners

PJT Partners PJT declared a dividend payable on December 16, 2020 to its shareholders as of October 27, 2020. It was also announced that shareholders of PJT Partners's stock as of December 2, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. PJT Partners, which has a current dividend per share of $0.05, has an ex-dividend date scheduled for December 1, 2020. That equates to a dividend yield of 0.29% at current price levels.

What Are Ex-Dividend Dates?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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.

Understanding PJT Partners's Dividend Payouts And Yields

Over the past year, PJT Partners has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on December 3, 2019 the company's payout was $0.05, which has returned to its value today. PJT Partners's dividend yield last year was 0.51%, which has since decreased by 0.22%.
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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