Analyzing CyrusOne's Ex-Dividend Date

On October 28, 2020, CyrusOne CONE announced shareholders can expect to receive a dividend payable on January 8, 2021. The stock will then go ex-dividend 2 business day(s) before the record date. CyrusOne, which has a current dividend per share of $0.51, has an ex-dividend date scheduled for December 31, 2020. That equates to a dividend yield of 2.74% 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 CyrusOne's Dividend Performance

Over the past year, CyrusOne has seen its dividend payouts and yields climb upward overall. Last year (December 31, 2019), the company's payout sat at $0.5, which has since increased by $0.01. CyrusOne's dividend yield last year was 2.7%, which has since grown by 0.04%.
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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