Analyzing Vector Group's Ex-Dividend Date

Vector Group VGR declared a dividend payable on March 30, 2021 to its shareholders as of March 2, 2021. It was also announced that shareholders of Vector Group's stock as of March 19, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Vector Group has an ex-dividend date planned for March 18, 2021. The company's current dividend payout sits at $0.2. That equates to a dividend yield of 5.67% 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 Vector Group's Dividend Payouts And Yields

Over the past year, Vector Group has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on March 18, 2020 the company's payout was $0.2, which has returned to its value today. Vector Group's dividend yield last year was 6.91%, which has since decreased by 1.24%.
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 Vector Group's previous dividends.