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Analyzing Altra Industrial Motion's Ex-Dividend Date

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On October 21, 2020, Altra Industrial Motion (NASDAQ:AIMC) announced shareholders can expect to receive a dividend payable on January 5, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Altra Industrial Motion has an ex-dividend date set for for December 17, 2020. The company's current dividend payout is $0.06, which equates to a dividend yield of 0.61% 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.

Altra Industrial Motion's Dividend History

Over the past year, Altra Industrial Motion has experienced an overall downward trend regarding its dividend payouts and yields. Last year on December 17, 2019 the company's payout was $0.17, which has since decreased by $0.11. Similarly, Altra Industrial Motion's dividend yield last year was 2.34%, which has since declined by 1.73%.
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 about Altra Industrial Motion click here.

 

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Posted-In: Dividends

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