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Understanding Cushing MLP & Infr Total's Ex-Dividend Date

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On December 1, 2020, Cushing MLP & Infr Total (NYSE:SRV) declared a dividend payable on January 29, 2021 to its shareholders. Cushing MLP & Infr Total also announced that shareholders on the company's books on or before January 19, 2021 are entitled to the dividend. The stock will then go ex-dividend 2 business day(s) before the record date. Cushing MLP & Infr Total, whose current dividend payout is $0.12, has an ex-dividend date set at January 15, 2021. The payout equates to a dividend yield of 7.06% at current price levels.

What Is An Ex-Dividend Date?

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 Cushing MLP & Infr Total's Dividend Payouts And Yields

Over the past year, Cushing MLP & Infr Total has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on November 13, 2020 the company's payout was $0.12, which has returned to its value today. Cushing MLP & Infr Total's dividend yield last year was 8.02%, which has since decreased by 0.96%.
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