Benzinga | Jan 5, 2021 10:24AM EST

Understanding Wabash National's Ex-Dividend Date

On November 19, 2020, Wabash National (NYSE:WNC) announced shareholders can expect to receive a dividend payable on January 28, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Wabash National will be on January 6, 2021. The company's current dividend payout is at $0.08. That equates to a dividend yield of 1.84% at current price levels.

Understanding Ex-Dividend Dates'

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.

Wabash National's Dividend Payouts And Yields

Over the past year, Wabash National has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on December 31, 2019 the company's payout was $0.08, which has returned to its value today. Wabash National's dividend yield last year was 2.04%, which has since decreased by 0.2%.

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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