Benzinga | Mar 4, 2021 10:14AM EST

Ex-Dividend Date Insight: John Bean Technologies

John Bean Technologies (NYSE:JBT) declared a dividend payable on March 22, 2021 to its shareholders as of February 25, 2021. It was also announced that shareholders of John Bean Technologies's stock as of March 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 John Bean Technologies will be on March 5, 2021. The company's current dividend payout is at $0.1. That equates to a dividend yield of 0.27% at current price levels.

The Significance Of Ex-Dividend Dates

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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.

John Bean Technologies's Dividend Performance

Over the past year, John Bean Technologies has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on March 11, 2020 the company's payout was $0.1, which has returned to its value today. John Bean Technologies's dividend yield last year was 0.4%, which has since decreased by 0.13%.

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 John Bean Technologies's previous dividends.