Benzinga | Jan 13, 2021 10:17AM EST

Ex-Dividend Date Insight: Oxford Industries

On December 9, 2020, Oxford Industries (NYSE:OXM) declared a dividend payable on January 29, 2021 to its shareholders. Oxford Industries also announced that shareholders on the company's books on or before January 15, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Oxford Industries, whose current dividend payout is $0.25, has an ex-dividend date set at January 14, 2021. The payout equates to a dividend yield of 1.62% 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Oxford Industries's Dividend Payouts And Yields

Over the past year, Oxford Industries has experienced an overall downward trend regarding its dividend payouts and yields. Last year on January 16, 2019 the company's payout was $0.37, which has since decreased by $0.12. Similarly, Oxford Industries's dividend yield last year was 1.95%, which has since declined by 0.33%.

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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