Analyzing Balchem's Ex-Dividend Date

On December 16, 2020, Balchem BCPC announced shareholders can expect to receive a dividend payable on January 22, 2021. The stock will then go ex-dividend 2 business day(s) before the record date. The ex-dividend date for Balchem is set for December 24, 2020. The company's current dividend payout sits at $0.58, equating to a dividend yield of 0.52% 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Balchem's Dividend History

Over the past year, Balchem has seen its dividend payouts and yields climb upward overall. Last year (December 23, 2016), the company's payout sat at $0.38, which has since increased by $0.2. Balchem's dividend yield last year was 0.44%, which has since grown by 0.08%.
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.

Click here to find details on Balchem's previous dividends.