Understanding Greenbrier Companies's Ex-Dividend Date

Greenbrier Companies GBX declared a dividend payable on August 18, 2021 to its shareholders as of July 9, 2021. It was also announced that shareholders of Greenbrier Companies's stock as of July 28, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Greenbrier Companies has an ex-dividend date planned for July 27, 2021. The company's current dividend payout sits at $0.27. That equates to a dividend yield of 2.7% at current price levels.

The Significance Of Ex-Dividend Dates

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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 Greenbrier Companies's Dividend History

Over the past year, Greenbrier Companies has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on July 28, 2020 the company's payout was $0.27, which has returned to its value today. Greenbrier Companies's dividend yield last year was 4.97%, which has since decreased by 2.27%.
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.

Click here to find details on Greenbrier Companies's previous dividends.

Posted In: BZI-ExDivDividends