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Ex-Dividend Date Insight: Wesbanco

December 9, 2020 10:25 am
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On November 18, 2020, Wesbanco (NASDAQ:WSBC) declared a dividend payable on January 2, 2021 to its shareholders. Wesbanco also announced that shareholders on the company's books on or before December 11, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Wesbanco, which has a current dividend per share of $0.32, has an ex-dividend date scheduled for December 10, 2020. That equates to a dividend yield of 4.4% at current price levels.

What Are Ex-Dividend Dates?

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. Most ex-dividend dates operate on a quarterly basis.

Wesbanco's Dividend Payouts And Yields

Over the past year, Wesbanco has seen its dividend payouts and yields climb upward overall. Last year (December 12, 2019), the company's payout sat at $0.31, which has since increased by $0.01. Wesbanco's dividend yield last year was 3.36%, which has since grown by 1.04%.
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.

To read more news on Wesbanco click here.

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Posted-In:

Dividends

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