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Understanding Glen Burnie Bancorp's Ex-Dividend Date

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Glen Burnie Bancorp (NASDAQ:GLBZ) declared a dividend payable on April 30, 2021 to its shareholders as of April 9, 2021. It was also announced that shareholders of Glen Burnie Bancorp's stock as of April 19, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Glen Burnie Bancorp, whose current dividend payout is $0.1, has an ex-dividend date set at April 16, 2021. The payout equates to a dividend yield of 3.44% at current price levels.

What Are Ex-Dividend Dates?

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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 Glen Burnie Bancorp's Dividend History

Over the past year, Glen Burnie Bancorp has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on April 17, 2020 the company's payout was $0.1, which has returned to its value today. Glen Burnie Bancorp's dividend yield last year was 4.91%, which has since decreased by 1.47%.
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 Glen Burnie Bancorp click here.

 

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Posted-In: BZI-ExDivDividends

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