Understanding Brink's's Ex-Dividend Date

On January 21, 2021, Brink's BCO declared a dividend payable on March 1, 2021 to its shareholders. Brink's also announced that shareholders on the company's books on or before February 8, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Brink's has an ex-dividend date planned for February 5, 2021. The company's current dividend payout sits at $0.15. That equates to a dividend yield of 0.82% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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 Brink's's Dividend Performance

Over the past year, Brink's has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on February 6, 2020 the company's payout was $0.15, which has returned to its value today. Brink's's dividend yield last year was 0.65%, which has since grown by 0.17%.
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 news on Brink's click here.