Benzinga | Apr 14, 2021 10:36AM EDT

Analyzing Oxford Industries's Ex-Dividend Date

Oxford Industries (NYSE:OXM) declared a dividend payable on April 30, 2021 to its shareholders as of March 26, 2021. It was also announced that shareholders of Oxford Industries's stock as of April 16, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Oxford Industries, whose current dividend payout is $0.37, has an ex-dividend date set at April 15, 2021. The payout equates to a dividend yield of 1.79% at current price levels.

What Are 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 Oxford Industries's Dividend History

Over the past year, Oxford Industries has seen its dividend payouts climb upward and its yields trend downward. Last year on April 16, 2020 the company's payout sat at $0.25, which has since increased by $0.12. Oxford Industries's dividend yield last year was 2.66%, which has since decreased by 0.87%.

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.

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