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Understanding Shoe Carnival's Ex-Dividend Date

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On December 17, 2020, Shoe Carnival (NASDAQ:SCVL) announced shareholders can expect to receive a dividend payable on January 25, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Shoe Carnival has an ex-dividend date set for for January 8, 2021. The company's current dividend payout is $0.09, which equates to a dividend yield of 0.98% at current price levels.

The Significance Of 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 Shoe Carnival's Dividend Performance

Over the past year, Shoe Carnival has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on January 10, 2020 the company's payout was $0.09, which has returned to its value today. Shoe Carnival's dividend yield last year was 0.91%, which has since grown by 0.07%.
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 about Shoe Carnival click here.

 

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Posted-In: BZI-ExDivDividends

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