Analyzing ITT's Ex-Dividend Date

ITT ITT declared a dividend payable on April 5, 2021 to its shareholders as of February 19, 2021. It was also announced that shareholders of ITT's stock as of March 17, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. ITT has an ex-dividend date set for for March 16, 2021. The company's current dividend payout is $0.22, which equates to a dividend yield of 1.14% at current price levels.

Understanding 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.

Understanding ITT's Dividend Performance

Over the past year, ITT has experienced an overall upward trend regarding its dividend payouts and yields. Last year on March 13, 2020 the company's payout was $0.17, which has since grown by $0.05. Similarly, ITT's dividend yield in last year was 0.98%, which has since grown by 0.16%.
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 ITT's previous dividends.