Benzinga | Mar 24, 2021 10:17AM EDT

Understanding Equity Lifestyle Props's Ex-Dividend Date

On March 12, 2021, Equity Lifestyle Props (NYSE:ELS) announced shareholders can expect to receive a dividend payable on April 9, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Equity Lifestyle Props is set for March 25, 2021. The company's current dividend payout sits at $0.36, equating to a dividend yield of 2.37% 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. Most ex-dividend dates operate on a quarterly basis.

Understanding Equity Lifestyle Props's Dividend History

Over the past year, Equity Lifestyle Props has seen its dividend payouts and yields climb upward overall. Last year (March 26, 2020), the company's payout sat at $0.34, which has since increased by $0.02. Equity Lifestyle Props's dividend yield last year was 1.86%, which has since grown by 0.51%.

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.

To read more about Equity Lifestyle Props click here.