Analyzing Blackrock Muniyield Fund's Ex-Dividend Date
On February 1, 2021, Blackrock Muniyield Fund (NYSE:MYD) announced shareholders can expect to receive a dividend payable on March 1, 2021. The stock will then go ex-dividend 2 business day(s) before the record date. The ex-dividend date for Blackrock Muniyield Fund is set for February 12, 2021. The company's current dividend payout sits at $0.06, equating to a dividend yield of 4.68% at current price levels.
The Significance Of 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. Most ex-dividend dates operate on a quarterly basis.
Understanding Blackrock Muniyield Fund's Dividend Payouts And Yields
Over the past year, Blackrock Muniyield Fund has seen its dividend payouts remain the same and its yields trend downward. Last year on October 14, 2020 the company's payout sat at $0.06, which has returned to its value today. Blackrock Muniyield Fund's dividend yield last year was 5.01%, which has since decreased by 0.33%.
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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