On January 21, 2021, American River Bankshares AMRB declared a dividend payable on February 17, 2021 to its shareholders. American River Bankshares also announced that shareholders on the company's books on or before February 3, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for American River Bankshares will be on February 2, 2021. The company's current dividend payout is at $0.07. That equates to a dividend yield of 2.13% at current price levels.
The Significance Of 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Understanding American River Bankshares's Dividend Payouts And Yields
Over the past year, American River Bankshares has seen its dividend payouts remain the same and its yields climb upward overall. Last year on January 28, 2020 the company's payout sat at $0.07, which has returned to its value today. American River Bankshares's dividend yield last year was 1.89%, which has since grown by 0.24%.
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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