On August 4, 2021, OTC Markets Gr OTCM announced shareholders can expect to receive a dividend payable on September 22, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for OTC Markets Gr is set for September 7, 2021. The company's current dividend payout sits at $0.18, equating to a dividend yield of 1.66% 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 OTC Markets Gr's Dividend Performance
Over the past year, OTC Markets Gr has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on December 8, 2020 the company's payout was $0.15, which has since grown by $0.03. OTC Markets Gr's dividend yield last year was 1.8%, which has since decreased by 0.14%.
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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