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Ex-Dividend Date Insight: Cohen & Steers Closed-end

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Cohen & Steers Closed-end (NYSE:FOF) declared a dividend payable on March 31, 2021 to its shareholders as of December 14, 2020. It was also announced that shareholders of Cohen & Steers Closed-end's stock as of March 17, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Cohen & Steers Closed-end has an ex-dividend date set for for March 16, 2021. The company's current dividend payout is $0.09, which equates to a dividend yield of 8.6% at current price levels.

Understanding 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. Most ex-dividend dates operate on a quarterly basis.

Cohen & Steers Closed-end's Dividend History

Over the past year, Cohen & Steers Closed-end has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on December 15, 2020 the company's payout was $0.09, which has returned to its value today. Cohen & Steers Closed-end's dividend yield last year was 9.47%, which has since decreased by 0.87%.
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