Ex-Dividend Date Insight: Thor Industries
On March 18, 2021, Thor Industries (NYSE:THO) declared a dividend payable on April 16, 2021 to its shareholders. Thor Industries also announced that shareholders on the company's books on or before April 2, 2021 are entitled to the dividend. The stock will then go ex-dividend 2 business day(s) before the record date. The ex-dividend date for Thor Industries is set for March 31, 2021. The company's current dividend payout sits at $0.41, equating to a dividend yield of 1.08% at current price levels.
The Significance Of Ex-Dividend Dates
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. Most ex-dividend dates operate on a quarterly basis.
Thor Industries's Dividend History
Over the past year, Thor Industries has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on April 1, 2020 the company's payout was $0.4, which has since grown by $0.01. Thor Industries's dividend yield last year was 4.62%, which has since decreased by 3.54%.
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 Thor Industries's previous dividends.
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