On July 22, 2021, CrossAmerica Partners CAPL announced shareholders can expect to receive a dividend payable on August 10, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for CrossAmerica Partners will be on August 2, 2021. The company's current dividend payout is at $0.53. That equates to a dividend yield of 10.93% at current price levels.
The Significance Of Ex-Dividend Dates
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. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Understanding CrossAmerica Partners's Dividend Performance
Over the past year, CrossAmerica Partners has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on August 3, 2020 the company's payout was $0.53, which has returned to its value today. CrossAmerica Partners's dividend yield last year was 15.66%, which has since decreased by 4.73%.
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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