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Ex-Dividend Date Insight: WSFS Financial

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On January 25, 2021, WSFS Financial (NASDAQ:WSFS) announced shareholders can expect to receive a dividend payable on February 25, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for WSFS Financial is set for February 10, 2021. The company's current dividend payout sits at $0.12, equating to a dividend yield of 1.03% at current price levels.

Understanding Ex-Dividend Dates'

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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.

Understanding WSFS Financial's Dividend Payouts And Yields

Over the past year, WSFS Financial has seen its dividend payouts remain the same and its yields trend downward. Last year on February 5, 2020 the company's payout sat at $0.12, which has returned to its value today. WSFS Financial's dividend yield last year was 1.12%, which has since decreased by 0.09%.
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.

Click here to find details on WSFS Financial's previous dividends.

 

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Posted-In: BZI-ExDivDividends

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