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Analyzing Cohen & Steers MLP Income's Ex-Dividend Date

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On December 14, 2020, Cohen & Steers MLP Income (NYSE:MIE) announced shareholders can expect to receive a dividend payable on March 31, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Cohen & Steers MLP Income has an ex-dividend date planned for March 16, 2021. The company's current dividend payout sits at $0.01. That equates to a dividend yield of 6.87% at current price levels.

Understanding 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 Cohen & Steers MLP Income's Dividend History

Over the past year, Cohen & Steers MLP Income has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on November 17, 2020 the company's payout was $0.01, which has returned to its value today. Cohen & Steers MLP Income's dividend yield last year was 11.61%, which has since decreased by 4.74%.
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 Cohen & Steers MLP Income's previous dividends.

 

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Posted-In: BZI-ExDivDividends