Market Overview

Ex-Dividend Date Insight: Dick's Sporting Goods


On November 20, 2020, Dick's Sporting Goods (NYSE:DKS) announced shareholders can expect to receive a dividend payable on December 29, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Dick's Sporting Goods, whose current dividend payout is $0.31, has an ex-dividend date set at December 10, 2020. The payout equates to a dividend yield of 2.23% at current price levels.

The Significance Of Ex-Dividend Dates

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.

Dick's Sporting Goods's Dividend Payouts And Yields

Over the past year, Dick's Sporting Goods has seen its dividend payouts climb upward and its yields trend downward. Last year on December 12, 2019 the company's payout sat at $0.28, which has since increased by $0.04. Dick's Sporting Goods's dividend yield last year was 2.79%, which has since decreased by 0.56%.
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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Posted-In: Dividends

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