Understanding Applied Industrial's Ex-Dividend Date

Applied Industrial AIT declared a dividend payable on November 30, 2020 to its shareholders as of October 28, 2020. It was also announced that shareholders of Applied Industrial's stock as of November 16, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Applied Industrial will be on November 13, 2020. The company's current dividend payout is at $0.32. That equates to a dividend yield of 2.13% at current price levels.

What Are 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.

Applied Industrial's Dividend Payouts And Yields

Over the past year, Applied Industrial has experienced an overall upward trend regarding its dividend payouts and yields. Last year on November 14, 2019 the company's payout was $0.3, which has since grown by $0.02. Similarly, Applied Industrial's dividend yield in last year was 2.09%, which has since grown by 0.04%.
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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