Benzinga | Nov 9, 2020 10:19AM EST

Analyzing Viper Energy Partners's Ex-Dividend Date

On November 2, 2020, Viper Energy Partners (NASDAQ: VNOM) announced shareholders can expect to receive a dividend payable on November 19, 2020. The stock will then go ex-dividend 2 business day(s) before the record date. Viper Energy Partners, which has a current dividend payout of $0.1, has an ex-dividend date scheduled for November 10, 2020. That equates to a dividend yield of 5.71% at current price levels.

Understanding 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. Most ex-dividend dates operate on a quarterly basis.

Viper Energy Partners's Dividend History

Over the past year, Viper Energy Partners has experienced an overall downward trend regarding its dividend payouts and yields. Last year on November 7, 2019 the company's payout was $0.46, which has since decreased by $0.36. Similarly, Viper Energy Partners's dividend yield last year was 6.95%, which has since declined by 1.24%.

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.

To read more about Viper Energy Partners click here.