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Understanding RMR Mortgage's Ex-Dividend Date


On April 15, 2021, RMR Mortgage (NASDAQ:RMRM) declared a dividend payable on May 20, 2021 to its shareholders. RMR Mortgage also announced that shareholders on the company's books on or before April 26, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. RMR Mortgage, which has a current dividend per share of $0.15, has an ex-dividend date scheduled for April 23, 2021. That equates to a dividend yield of 4.82% 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.

See also: How to Invest in Real Estate Online

RMR Mortgage's Dividend Payouts And Yields

Over the past year, RMR Mortgage has seen its dividend payouts and yields descend downward overall. Last year on March 20, 2020 the company's payout sat at $0.33, which has since decreased by $0.18. RMR Mortgage's dividend yield last year was 7.89%, which has since declined by 3.07%.
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 about RMR Mortgage click here.


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Posted-In: BZI-ExDivDividends

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