Ex-Dividend Date Insight: South Jersey Indus

On November 23, 2020, South Jersey Indus SJI declared a dividend payable on December 29, 2020 to its shareholders. South Jersey Indus also announced that shareholders on the company's books on or before December 10, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. South Jersey Indus has an ex-dividend date set for for December 9, 2020. The company's current dividend payout is $0.3, which equates to a dividend yield of 5.33% at current price levels.

What Is An Ex-Dividend Date?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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 South Jersey Indus's Dividend Performance

Over the past year, South Jersey Indus has experienced an overall upward trend regarding its dividend payouts and yields. Last year on December 9, 2019 the company's payout was $0.29, which has since grown by $0.01. Similarly, South Jersey Indus's dividend yield in last year was 3.84%, which has since grown by 1.49%.
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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