Understanding Ingles Markets's Ex-Dividend Date

On December 28, 2020, Ingles Markets IMKTA declared a dividend payable on January 14, 2021 to its shareholders. Ingles Markets also announced that shareholders on the company's books on or before January 7, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Ingles Markets, which has a current dividend per share of $0.17, has an ex-dividend date scheduled for January 6, 2021. That equates to a dividend yield of 1.62% at current price levels.

What Are Ex-Dividend Dates?

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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.

Understanding Ingles Markets's Dividend History

Over the past year, Ingles Markets has seen its dividend payouts remain the same and its yields climb upward overall. Last year on January 8, 2020 the company's payout sat at $0.17, which has returned to its value today. Ingles Markets's dividend yield last year was 1.38%, which has since grown by 0.24%.
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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