Analyzing SFL Corp's Ex-Dividend Date

On May 12, 2021, SFL Corp SFL declared a dividend payable on June 29, 2021 to its shareholders. SFL Corp also announced that shareholders on the company's books on or before June 14, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. SFL Corp, which has a current dividend per share of $0.15, has an ex-dividend date scheduled for June 11, 2021. That equates to a dividend yield of 7.55% at current price levels.

Understanding Ex-Dividend Dates'

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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.

SFL Corp's Dividend Payouts And Yields

Over the past year, SFL Corp has experienced an overall downward trend regarding its dividend payouts and yields. Last year on June 17, 2020 the company's payout was $0.25, which has since decreased by $0.1. Similarly, SFL Corp's dividend yield last year was 9.65%, which has since declined by 2.1%.
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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Posted In: BZI-ExDivDividends