Benzinga | May 20, 2021 10:12AM EDT

Ex-Dividend Date Insight: Energizer Holdings

Energizer Holdings (NYSE:ENR) declared a dividend payable on June 15, 2021 to its shareholders as of May 3, 2021. It was also announced that shareholders of Energizer Holdings's stock as of May 24, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Energizer Holdings, whose current dividend payout is $0.3, has an ex-dividend date set at May 21, 2021. The payout equates to a dividend yield of 2.43% at current price levels.

Understanding 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.

Understanding Energizer Holdings's Dividend History

Over the past year, Energizer Holdings has seen its dividend payouts remain the same and its yields trend downward. Last year on May 19, 2020 the company's payout sat at $0.3, which has returned to its value today. Energizer Holdings's dividend yield last year was 3.36%, which has since decreased by 0.93%.

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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