Understanding C.H. Robinson Worldwide's Ex-Dividend Date

C.H. Robinson Worldwide CHRW declared a dividend payable on July 1, 2021 to its shareholders as of May 6, 2021. It was also announced that shareholders of C.H. Robinson Worldwide's stock as of June 4, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. C.H. Robinson Worldwide, which has a current dividend per share of $0.51, has an ex-dividend date scheduled for June 3, 2021. That equates to a dividend yield of 2.06% at current price levels.

What Are 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. Most ex-dividend dates operate on a quarterly basis.

C.H. Robinson Worldwide's Dividend Payouts And Yields

Over the past year, C.H. Robinson Worldwide has seen its dividend payouts remain the same and its yields trend downward. Last year on June 4, 2020 the company's payout sat at $0.51, which has returned to its value today. C.H. Robinson Worldwide's dividend yield last year was 2.9%, which has since decreased by 0.84%.
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 C.H. Robinson Worldwide click here.

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