+ 0.89
+ 0.26%
+ 0.07
+ 0.02%
+ 0.75
+ 0.18%

Analyzing Bar Harbor Bankshares's Ex-Dividend Date

May 14, 2021 10:42 am
Share to Linkedin Share to Twitter Share to Facebook Share to Print License More

On April 22, 2021, Bar Harbor Bankshares (AMEX:BHB) announced shareholders can expect to receive a dividend payable on June 18, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Bar Harbor Bankshares is set for May 17, 2021. The company’s current dividend payout sits at $0.24, equating to a dividend yield of 3.19% at current price levels.

The Significance Of 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.

Bar Harbor Bankshares’s Dividend History

Over the past year, Bar Harbor Bankshares has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on May 15, 2020 the company’s payout was $0.22, which has since grown by $0.02. Bar Harbor Bankshares’s dividend yield last year was 5.45%, which has since decreased by 2.26%.
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 Bar Harbor Bankshares click here.

For the latest in financial news, exclusive stories, memes follow Benzinga on Twitter, Facebook & Instagram. For the best interviews, stock market talk & videos, subscribe to our YouTube channel.



Related Articles

Bar Harbor Bankshares Increases Qtr. Dividend From $0.275 To $0.28/Share

Bar Harbor Bankshares Raises Qtr. Dividend from $0.27 to $0.275/Share

Bar Harbor Bankshares Increases Qtr. Dividend From $0.265 To $0.27/Share

CORRECTION: Bar Harbor Bankshares Raises Quarterly DIvidend To $0.26 From $0.255