Benzinga | Nov 5, 2020 10:16AM EST

Ex-Dividend Date Insight: Weis Markets

On October 29, 2020, Weis Markets (NYSE: WMK) announced shareholders can expect to receive a dividend payable on November 23, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Weis Markets, which has a current dividend payout of $0.31, has an ex-dividend date scheduled for November 6, 2020. That equates to a dividend yield of 2.71% at current price levels.

The Significance Of 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. Most ex-dividend dates operate on a quarterly basis.

Understanding Weis Markets's Dividend Payouts And Yields

Over the past year, Weis Markets has seen its dividend payouts remain the same and its yields trend downward. Last year on November 7, 2019 the company's payout sat at $0.31, which has returned to its value today. Weis Markets's dividend yield last year was 3.26%, which has since decreased by 0.55%.

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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