Benzinga | May 25, 2021 10:49AM EDT

Understanding Forward Air's Ex-Dividend Date

Forward Air (NASDAQ:FWRD) declared a dividend payable on June 14, 2021 to its shareholders as of April 26, 2021. It was also announced that shareholders of Forward Air's stock as of May 27, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Forward Air, which has a current dividend per share of $0.21, has an ex-dividend date scheduled for May 26, 2021. That equates to a dividend yield of 0.95% 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 Forward Air's Dividend History

Over the past year, Forward Air has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on May 21, 2020 the company's payout was $0.18, which has since grown by $0.03. Forward Air's dividend yield last year was 1.39%, which has since decreased by 0.44%.

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 Forward Air's previous dividends.