Understanding Berkshire Hills Bancorp's Ex-Dividend Date

Berkshire Hills Bancorp BHLB declared a dividend payable on December 29, 2020 to its shareholders as of November 30, 2020. It was also announced that shareholders of Berkshire Hills Bancorp's stock as of December 17, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Berkshire Hills Bancorp has an ex-dividend date planned for December 16, 2020. The company's current dividend payout sits at $0.12. That equates to a dividend yield of 2.72% at current price levels.

Understanding 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Berkshire Hills Bancorp's Dividend History

Over the past year, Berkshire Hills Bancorp has experienced an overall downward trend regarding its dividend payouts and yields. Last year on November 13, 2019 the company's payout was $0.23, which has since decreased by $0.11. Similarly, Berkshire Hills Bancorp's dividend yield last year was 3.03%, which has since declined by 0.31%.
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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