Ex-Dividend Date Insight: Western Asset Managed
On February 17, 2021, Western Asset Managed (NYSE:MMU) announced shareholders can expect to receive a dividend payable on June 1, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Western Asset Managed, which has a current dividend per share of $0.04, has an ex-dividend date scheduled for May 20, 2021. That equates to a dividend yield of 3.86% 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. Most ex-dividend dates operate on a quarterly basis.
Western Asset Managed's Dividend History
Over the past year, Western Asset Managed has seen its dividend payouts remain the same and its yields trend downward. Last year on January 21, 2021 the company's payout sat at $0.04, which has returned to its value today. Western Asset Managed's dividend yield last year was 4.31%, which has since decreased by 0.45%.
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 Western Asset Managed's previous dividends.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.