Benzinga | Nov 30, 2020 10:12AM EST

Understanding Everest Re Group's Ex-Dividend Date

Everest Re Group (NYSE:RE) declared a dividend payable on December 23, 2020 to its shareholders as of November 19, 2020. It was also announced that shareholders of Everest Re Group's stock as of December 2, 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 Everest Re Group is set for December 1, 2020. The company's current dividend payout sits at $1.55, equating to a dividend yield of 2.64% at current price levels.

The Significance Of Ex-Dividend Dates

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.

Everest Re Group's Dividend Payouts And Yields

Over the past year, Everest Re Group has seen its dividend payouts remain the same and its yields climb upward overall. Last year on December 3, 2019 the company's payout sat at $1.55, which has returned to its value today. Everest Re Group's dividend yield last year was 2.32%, which has since grown by 0.32%.

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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