Benzinga | Feb 8, 2021 10:20AM EST

Analyzing Tetra Tech's Ex-Dividend Date

On January 25, 2021, Tetra Tech (NASDAQ:TTEK) announced shareholders can expect to receive a dividend payable on February 26, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Tetra Tech will be on February 9, 2021. The company's current dividend payout is at $0.17. That equates to a dividend yield of 0.48% 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.

Tetra Tech's Dividend Payouts And Yields

Over the past year, Tetra Tech has seen its dividend payouts climb upward and its yields trend downward. Last year on February 11, 2020 the company's payout sat at $0.15, which has since increased by $0.02. Tetra Tech's dividend yield last year was 0.67%, which has since decreased by 0.19%.

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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