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Understanding Cohen & Steers Select's Ex-Dividend Date

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On December 14, 2020, Cohen & Steers Select (NYSE:PSF) declared a dividend payable on March 31, 2021 to its shareholders. Cohen & Steers Select also announced that shareholders on the company's books on or before March 17, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Cohen & Steers Select is set for March 16, 2021. The company's current dividend payout sits at $0.16, equating to a dividend yield of 6.74% at current price levels.

What Are Ex-Dividend Dates?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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.

Cohen & Steers Select's Dividend Payouts And Yields

Over the past year, Cohen & Steers Select 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 $0.16, which has returned to its value today. Cohen & Steers Select's dividend yield last year was 7.06%, which has since decreased by 0.32%.
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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Posted-In: BZI-ExDivDividends