Ex-Dividend Date Insight: Sculptor Capital

Sculptor Capital SCU declared a dividend payable on March 4, 2021 to its shareholders as of February 11, 2021. It was also announced that shareholders of Sculptor Capital's stock as of February 25, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Sculptor Capital has an ex-dividend date planned for February 24, 2021. The company's current dividend payout sits at $2.35. That equates to a dividend yield of 52.37% 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Sculptor Capital's Dividend Payouts And Yields

Over the past year, Sculptor Capital has experienced an overall upward trend regarding its dividend payouts and yields. Last year on May 17, 2019 the company's payout was $0.37, which has since grown by $1.98. Similarly, Sculptor Capital's dividend yield in last year was 9.12%, which has since grown by 43.25%.
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 Sculptor Capital's previous dividends.