Benzinga | Jan 15, 2021 10:18AM EST

Understanding CBRE Clarion Glb Real Est's Ex-Dividend Date



On January 4, 2021, CBRE Clarion Glb Real Est (NYSE:IGR) announced shareholders can expect to receive a dividend payable on January 29, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. CBRE Clarion Glb Real Est, whose current dividend payout is $0.05, has an ex-dividend date set at January 19, 2021. The payout equates to a dividend yield of 8.72% at current price levels.

What Are 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.

CBRE Clarion Glb Real Est's Dividend History

Over the past year, CBRE Clarion Glb Real Est has seen its dividend payouts remain the same and its yields trend downward. Last year on September 18, 2020 the company's payout sat at $0.05, which has returned to its value today. CBRE Clarion Glb Real Est's dividend yield last year was 9.69%, which has since decreased by 0.97%.

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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