fbpx
QQQ
-0.84
350.73
-0.24%
DIA
+ 2.20
339.78
+ 0.64%
SPY
+ 0.91
424.19
+ 0.21%
TLT
-0.70
144.20
-0.49%
GLD
+ 1.23
164.81
+ 0.74%

Understanding Alexander & Baldwin's Ex-Dividend Date

March 16, 2021 12:02 pm
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

On February 23, 2021, Alexander & Baldwin (NYSE:ALEX) announced shareholders can expect to receive a dividend payable on April 2, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Alexander & Baldwin is set for March 17, 2021. The company's current dividend payout sits at $0.15, equating to a dividend yield of 3.31% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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 Alexander & Baldwin's Dividend Performance

Over the past year, Alexander & Baldwin has experienced an overall downward trend regarding its dividend payouts and an upward trend regarding its yields. Last year on August 9, 2019 the company's payout was $0.19, which has since decreased by $0.04. Alexander & Baldwin's dividend yield last year was 3.0%, which has since grown by 0.31%.
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 Alexander & Baldwin click here.

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.

Posted-In:

Dividends

Related Articles

Ex-Dividend Date Insight: Alexander & Baldwin

On April 27, 2021, Alexander & Baldwin (NYSE:ALEX) declared a dividend payable on July 6, 2021 to its shareholders. Alexander & Baldwin also announced that shareholders on the company's books on or before June 28, 2021 are entitled to the dividend. read more

Ex-Dividend Date Insight: Alexander & Baldwin

Alexander & Baldwin (NYSE:ALEX) declared a dividend payable on January 12, 2021 to its shareholders as of December 17, 2020. It was also announced that shareholders of Alexander & Baldwin's stock as of December 28, 2020 are entitled to the dividend. read more

Alexander & Baldwin Increases Qtr. Dividend From $0.05 To $0.06/Share

Alexander & Baldwin Raises Qtr. Dividend from $0.04 to $0.05/Share