Benzinga | Feb 25, 2021 10:14AM EST

Ex-Dividend Date Insight: Interpublic Gr of Cos

On February 10, 2021, Interpublic Gr of Cos (NYSE:IPG) declared a dividend payable on March 15, 2021 to its shareholders. Interpublic Gr of Cos also announced that shareholders on the company's books on or before March 1, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Interpublic Gr of Cos has an ex-dividend date set for for February 26, 2021. The company's current dividend payout is $0.27, which equates to a dividend yield of 4.11% 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.

Understanding Interpublic Gr of Cos's Dividend Payouts And Yields

Over the past year, Interpublic Gr of Cos has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on February 28, 2020 the company's payout was $0.26, which has since grown by $0.02. Interpublic Gr of Cos's dividend yield last year was 4.39%, which has since decreased by 0.28%.

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.

Click here to find details on Interpublic Gr of Cos's previous dividends.