Market Overview

Ex-Dividend Date Insight: Alamo Group


On January 4, 2021, Alamo Group (NYSE:ALG) announced shareholders can expect to receive a dividend payable on January 29, 2021. The stock will then go ex-dividend 2 business day(s) before the record date. Alamo Group, whose current dividend payout is $0.14, has an ex-dividend date set at January 15, 2021. The payout equates to a dividend yield of 0.41% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.

Alamo Group's Dividend Payouts And Yields

Over the past year, Alamo Group has seen its dividend payouts climb upward and its yields remain the same. Last year on January 15, 2020 the company's payout sat at $0.13, which has since increased by $0.01. Alamo Group's dividend yield last year was 0.41%, which has returned to its value today.
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