Ex-Dividend Date Insight: PBF Logistics

On August 2, 2021, PBF Logistics PBFX declared a dividend payable on August 26, 2021 to its shareholders. PBF Logistics also announced that shareholders on the company's books on or before August 12, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for PBF Logistics will be on August 11, 2021. The company's current dividend payout is at $0.3. That equates to a dividend yield of 8.78% at current price levels.

What Is An Ex-Dividend Date?

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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.

PBF Logistics's Dividend Payouts And Yields

Over the past year, PBF Logistics has seen its dividend payouts remain the same and its yields trend downward. Last year on August 12, 2020 the company's payout sat at $0.3, which has returned to its value today. PBF Logistics's dividend yield last year was 12.36%, which has since decreased by 3.58%.
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.

Click here to find details on PBF Logistics's previous dividends.

Posted In: BZI-ExDivDividends