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Analyzing GEO Gr's Ex-Dividend Date

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On January 15, 2021, GEO Gr (NYSE:GEO) announced shareholders can expect to receive a dividend payable on February 1, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. GEO Gr has an ex-dividend date set for for January 22, 2021. The company's current dividend payout is $0.25, which equates to a dividend yield of 11.16% at current price levels.

What Are 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. Most ex-dividend dates operate on a quarterly basis.

GEO Gr's Dividend History

Over the past year, GEO Gr has seen its dividend payouts and yields descend downward overall. Last year on February 13, 2020 the company's payout sat at $0.48, which has since decreased by $0.23. GEO Gr's dividend yield last year was 12.15%, which has since declined by 0.99%.
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.

To read more about GEO Gr click here.

 

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Posted-In: BZI-ExDivDividends

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