Benzinga | Nov 20, 2020 10:14AM EST

Ex-Dividend Date Insight: Barnes Gr

Barnes Gr (NYSE: B) declared a dividend payable on December 10, 2020 to its shareholders as of October 16, 2020. It was also announced that shareholders of Barnes Gr's stock as of November 24, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Barnes Gr has an ex-dividend date set for for November 23, 2020. The company's current dividend payout is $0.16, which equates to a dividend yield of 1.61% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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.

Barnes Gr's Dividend History

Over the past year, Barnes Gr has seen its dividend payouts remain the same and its yields climb upward overall. Last year on November 25, 2019 the company's payout sat at $0.16, which has returned to its value today. Barnes Gr's dividend yield last year was 1.23%, which has since grown by 0.38%.

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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