Understanding Community Financial's Ex-Dividend Date
Community Financial (NASDAQ:TCFC) declared a dividend payable on January 25, 2021 to its shareholders as of December 30, 2020. It was also announced that shareholders of Community Financial's stock as of January 11, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Community Financial has an ex-dividend date planned for January 8, 2021. The company's current dividend payout sits at $0.12. That equates to a dividend yield of 1.92% at current price levels.
Understanding 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. Most ex-dividend dates operate on a quarterly basis.
Understanding Community Financial's Dividend Performance
Over the past year, Community Financial has seen its dividend payouts remain the same and its yields climb upward overall. Last year on January 16, 2020 the company's payout sat at $0.12, which has returned to its value today. Community Financial's dividend yield last year was 1.41%, which has since grown by 0.51%.
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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