Understanding Gaming and Leisure Props's Ex-Dividend Date

Gaming and Leisure Props GLPI declared a dividend payable on June 25, 2021 to its shareholders as of May 20, 2021. It was also announced that shareholders of Gaming and Leisure Props's stock as of June 11, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Gaming and Leisure Props, which has a current dividend per share of $0.67, has an ex-dividend date scheduled for June 10, 2021. That equates to a dividend yield of 5.91% at current price levels.

What Is An Ex-Dividend Date?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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.

Gaming and Leisure Props's Dividend Performance

Over the past year, Gaming and Leisure Props has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on May 12, 2020 the company's payout was $0.6, which has since grown by $0.07. Gaming and Leisure Props's dividend yield last year was 8.78%, which has since decreased by 2.87%.
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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