Benzinga | Nov 12, 2020 10:11AM EST

Analyzing National Instruments's Ex-Dividend Date

On October 29, 2020, National Instruments (NASDAQ: NATI) announced shareholders can expect to receive a dividend payable on December 7, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for National Instruments is set for November 13, 2020. The company's current dividend payout sits at $0.26, equating to a dividend yield of 3.13% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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.

National Instruments's Dividend Payouts And Yields

Over the past year, National Instruments has experienced an overall upward trend regarding its dividend payouts and yields. Last year on November 7, 2019 the company's payout was $0.25, which has since grown by $0.01. Similarly, National Instruments's dividend yield in last year was 2.44%, which has since grown by 0.69%.

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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