Market Overview

Understanding Global Medical REIT's Ex-Dividend Date


On December 16, 2020, Global Medical REIT (NYSE:GMRE) declared a dividend payable on January 11, 2021 to its shareholders. Global Medical REIT also announced that shareholders on the company's books on or before December 28, 2020 are entitled to the dividend. The stock will then go ex-dividend 2 business day(s) before the record date. Global Medical REIT, whose current dividend payout is $0.2, has an ex-dividend date set at December 24, 2020. The payout equates to a dividend yield of 5.49% at current price levels.

Understanding 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.

Understanding Global Medical REIT's Dividend Performance

Over the past year, Global Medical REIT has seen its dividend payouts remain the same and its yields trend downward. Last year on December 24, 2019 the company's payout sat at $0.2, which has returned to its value today. Global Medical REIT's dividend yield last year was 6.23%, which has since decreased by 0.74%.
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: BZI-ExDivDividends