Ex-Dividend Date Insight: Rexford Industrial Realty

On October 19, 2020, Rexford Industrial Realty REXR declared a dividend payable on January 15, 2021 to its shareholders. Rexford Industrial Realty also announced that shareholders on the company's books on or before December 31, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Rexford Industrial Realty has an ex-dividend date planned for December 30, 2020. The company's current dividend payout sits at $0.21. That equates to a dividend yield of 1.76% at current price levels.

What Are 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.

Rexford Industrial Realty's Dividend Performance

Over the past year, Rexford Industrial Realty has experienced an overall upward trend regarding its dividend payouts and yields. Last year on December 30, 2019 the company's payout was $0.18, which has since grown by $0.03. Similarly, Rexford Industrial Realty's dividend yield in last year was 1.57%, which has since grown by 0.19%.
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 news on Rexford Industrial Realty click here.