Ex-Dividend Date Insight: Select Medical Holdings
On May 5, 2021, Select Medical Holdings (NYSE:SEM) declared a dividend payable on June 1, 2021 to its shareholders. Select Medical Holdings also announced that shareholders on the company’s books on or before May 19, 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 Select Medical Holdings is set for May 18, 2021. The company’s current dividend payout sits at $0.12, equating to a dividend yield of 1.31% at current price levels.
The Significance Of 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Select Medical Holdings’s Dividend Performance
Over the past year, Select Medical Holdings has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on May 14, 2014 the company’s payout was $0.1, which has since grown by $0.02. Select Medical Holdings’s dividend yield last year was 2.85%, which has since decreased by 1.54%.
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 Select Medical Holdings click here.
© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.