Ex-Dividend Date Insight: First Republic Bank
On April 14, 2021, First Republic Bank (NYSE:FRC) declared a dividend payable on May 13, 2021 to its shareholders. First Republic Bank also announced that shareholders on the company’s books on or before April 29, 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 First Republic Bank is set for April 28, 2021. The company’s current dividend payout sits at $0.22, equating to a dividend yield of 0.52% at current price levels.
What Is An Ex-Dividend Date?
An ex-dividend date signals when a company’s shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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 First Republic Bank’s Dividend Performance
Over the past year, First Republic Bank has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on April 29, 2020 the company’s payout was $0.2, which has since grown by $0.02. First Republic Bank’s dividend yield last year was 0.86%, which has since decreased by 0.34%.
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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