On August 5, 2021, Barings BDC BBDC declared a dividend payable on September 15, 2021 to its shareholders. Barings BDC also announced that shareholders on the company's books on or before September 8, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Barings BDC has an ex-dividend date set for for September 7, 2021. The company's current dividend payout is $0.21, which equates to a dividend yield of 7.88% at current price levels.
What Are Ex-Dividend Dates?
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. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Understanding Barings BDC's Dividend Payouts And Yields
Over the past year, Barings BDC has seen its dividend payouts climb upward and its yields trend downward. Last year on September 8, 2020 the company's payout sat at $0.16, which has since increased by $0.05. Barings BDC's dividend yield last year was 8.29%, which has since decreased by 0.41%.
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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