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Analyzing Office Props IT's Ex-Dividend Date

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Office Props IT (NASDAQ:OPI) declared a dividend payable on February 18, 2021 to its shareholders as of January 14, 2021. It was also announced that shareholders of Office Props IT's stock as of January 25, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Office Props IT will be on January 22, 2021. The company's current dividend payout is at $0.55. That equates to a dividend yield of 8.89% at current price levels.

Understanding Ex-Dividend Dates'

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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Office Props IT's Dividend Payouts And Yields

Over the past year, Office Props IT has seen its dividend payouts remain the same and its yields climb upward overall. Last year on January 24, 2020 the company's payout sat at $0.55, which has returned to its value today. Office Props IT's dividend yield last year was 6.35%, which has since grown by 2.54%.
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

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