Benzinga | Feb 4, 2021 11:25AM EST

Ex-Dividend Date Insight: FB Financial

FB Financial (NYSE:FBK) declared a dividend payable on February 22, 2021 to its shareholders as of January 29, 2021. It was also announced that shareholders of FB Financial's stock as of February 8, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for FB Financial is set for February 5, 2021. The company's current dividend payout sits at $0.11, equating to a dividend yield of 1.17% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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.

FB Financial's Dividend History

Over the past year, FB Financial has seen its dividend payouts and yields climb upward overall. Last year (February 13, 2020), the company's payout sat at $0.09, which has since increased by $0.02. FB Financial's dividend yield last year was 0.99%, which has since grown by 0.18%.

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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