Ex-Dividend Date Insight: Urstadt Biddle Properties

On December 16, 2020, Urstadt Biddle Properties UBA declared a dividend payable on January 15, 2021 to its shareholders. Urstadt Biddle Properties also announced that shareholders on the company's books on or before January 5, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Urstadt Biddle Properties, whose current dividend payout is $0.14, has an ex-dividend date set at January 4, 2021. The payout equates to a dividend yield of 3.73% at current price levels.

The Significance Of An Ex-Dividend Date

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.

Urstadt Biddle Properties's Dividend Payouts And Yields

Over the past year, Urstadt Biddle Properties has experienced an overall downward trend regarding its dividend payouts and yields. Last year on January 2, 2020 the company's payout was $0.28, which has since decreased by $0.14. Similarly, Urstadt Biddle Properties's dividend yield last year was 4.76%, which has since declined by 1.03%.
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 Urstadt Biddle Properties's previous dividends.