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Understanding Silicon Motion Technology's Ex-Dividend Date

February 11, 2021 10:17 am
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Silicon Motion Technology (NASDAQ:SIMO) declared a dividend payable on February 26, 2021 to its shareholders as of October 26, 2020. It was also announced that shareholders of Silicon Motion Technology's stock as of February 16, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 2 business day(s) before the record date. Silicon Motion Technology has an ex-dividend date planned for February 12, 2021. The company's current dividend payout sits at $0.35. That equates to a dividend yield of 3.54% at current price levels.

The Significance Of An Ex-Dividend Date

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 Silicon Motion Technology's Dividend History

Over the past year, Silicon Motion Technology has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on August 5, 2020 the company's payout was $0.35, which has returned to its value today. Silicon Motion Technology's dividend yield last year was 3.37%, 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.

Click here to find details on Silicon Motion Technology's previous dividends.

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