Analyzing QAD's Ex-Dividend Date

On April 15, 2021, QAD QADA declared a dividend payable on May 5, 2021 to its shareholders. QAD also announced that shareholders on the company's books on or before April 28, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for QAD is set for April 27, 2021. The company's current dividend payout sits at $0.07, equating to a dividend yield of 0.37% at current price levels.

The Significance Of An Ex-Dividend Date

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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding QAD's Dividend History

Over the past year, QAD has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on April 21, 2020 the company's payout was $0.07, which has returned to its value today. QAD's dividend yield last year was 0.68%, which has since decreased by 0.31%.
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.

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