Benzinga | Mar 4, 2021 10:15AM EST

Analyzing Tronox Holdings's Ex-Dividend Date

On February 24, 2021, Tronox Holdings (NYSE:TROX) declared a dividend payable on March 19, 2021 to its shareholders. Tronox Holdings also announced that shareholders on the company's books on or before March 8, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Tronox Holdings will be on March 5, 2021. The company's current dividend payout is at $0.08. That equates to a dividend yield of 1.59% 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Tronox Holdings's Dividend History

Over the past year, Tronox Holdings has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on March 6, 2020 the company's payout was $0.07, which has since grown by $0.01. Tronox Holdings's dividend yield last year was 3.18%, which has since decreased by 1.59%.

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 Tronox Holdings's previous dividends.