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Understanding Community Bankers Trust's Ex-Dividend Date

May 14, 2021 10:36 am
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Understanding Community Bankers Trust's Ex-Dividend Date

On May 4, 2021, Community Bankers Trust (NASDAQ:ESXB) declared a dividend payable on June 1, 2021 to its shareholders. Community Bankers Trust also announced that shareholders on the company’s books on or before May 18, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Community Bankers Trust has an ex-dividend date set for for May 17, 2021. The company’s current dividend payout is $0.06, which equates to a dividend yield of 2.76% at current price levels.

The Significance Of Ex-Dividend Dates

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

Understanding Community Bankers Trust’s Dividend Performance

Over the past year, Community Bankers Trust has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on May 21, 2020 the company’s payout was $0.05, which has since grown by $0.01. Community Bankers Trust’s dividend yield last year was 3.42%, which has since decreased by 0.66%.
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 Community Bankers Trust’s previous dividends.

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