On June 14, 2021, Shoe Carnival SCVL declared a dividend payable on July 19, 2021 to its shareholders. Shoe Carnival also announced that shareholders on the company's books on or before July 6, 2021 are entitled to the dividend. The stock will then go ex-dividend 2 business day(s) before the record date. The ex-dividend date for Shoe Carnival will be on July 2, 2021. The company's current dividend payout is at $0.14. That equates to a dividend yield of 0.82% 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.
Understanding Shoe Carnival's Dividend Payouts And Yields
Over the past year, Shoe Carnival has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on July 2, 2020 the company's payout was $0.09, which has since grown by $0.05. Shoe Carnival's dividend yield last year was 1.4%, which has since decreased by 0.58%.
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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