Benzinga | Mar 11, 2021 10:39AM EST

Ex-Dividend Date Insight: First Citizens BancShares

On January 26, 2021, First Citizens BancShares (NASDAQ:FCNCA) announced shareholders can expect to receive a dividend payable on April 5, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for First Citizens BancShares is set for March 12, 2021. The company's current dividend payout sits at $0.47, equating to a dividend yield of 0.3% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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 First Citizens BancShares's Dividend Payouts And Yields

Over the past year, First Citizens BancShares has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on March 13, 2020 the company's payout was $0.4, which has since grown by $0.07. First Citizens BancShares's dividend yield last year was 0.31%, which has since decreased by 0.01%.

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 First Citizens BancShares's previous dividends.