Benzinga | Dec 11, 2020 10:19AM EST

Analyzing Wyndham Destinations's Ex-Dividend Date

On November 3, 2020, Wyndham Destinations (NYSE:WYND) declared a dividend payable on December 30, 2020 to its shareholders. Wyndham Destinations also announced that shareholders on the company's books on or before December 15, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Wyndham Destinations, which has a current dividend per share of $0.3, has an ex-dividend date scheduled for December 14, 2020. That equates to a dividend yield of 3.6% at current price levels.

What Are 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.

Understanding Wyndham Destinations's Dividend History

Over the past year, Wyndham Destinations has experienced an overall downward trend regarding its dividend payouts and yields. Last year on December 12, 2019 the company's payout was $0.45, which has since decreased by $0.15. Similarly, Wyndham Destinations's dividend yield last year was 3.65%, which has since declined by 0.05%.

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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