Benzinga | Apr 28, 2021 11:02AM EDT

Understanding National Retail Props Ex-Dividend Date



On April 15, 2021, National Retail Props (NYSE:NNN) announced shareholders can expect to receive a dividend payable on May 14, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. National Retail Props has an ex-dividend date set for for April 29, 2021. The company's current dividend payout is $0.52, which equates to a dividend yield of 4.65% at current price levels.

What Is An Ex-Dividend Date?

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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

National Retail Props's Dividend Payouts And Yields

Over the past year, National Retail Props has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on April 29, 2020 the company's payout was $0.52, which has since grown by $0.01. National Retail Props's dividend yield last year was 6.01%, which has since decreased by 1.36%.

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 National Retail Props's previous dividends.