Understanding Meta Financial Group's Ex-Dividend Date

Meta Financial Group CASH declared a dividend payable on January 4, 2021 to its shareholders as of November 19, 2020. It was also announced that shareholders of Meta Financial Group's stock as of December 10, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Meta Financial Group has an ex-dividend date set for for December 9, 2020. The company's current dividend payout is $0.05, which equates to a dividend yield of 0.59% at current price levels.

The Significance Of An Ex-Dividend Date

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.

Meta Financial Group's Dividend Payouts And Yields

Over the past year, Meta Financial Group has seen its dividend payouts remain the same and its yields trend downward. Last year on December 9, 2019 the company's payout sat at $0.05, which has returned to its value today. Meta Financial Group's dividend yield last year was 0.6%, which has since decreased by 0.01%.
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.

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