Benzinga | Jun 1, 2021 10:24AM EDT

Ex-Dividend Date Insight: Principal Financial Gr

On April 27, 2021, Principal Financial Gr (NASDAQ:PFG) announced shareholders can expect to receive a dividend payable on June 25, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Principal Financial Gr is set for June 2, 2021. The company's current dividend payout sits at $0.61, equating to a dividend yield of 3.91% at current price levels.

The Significance Of Ex-Dividend Dates

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. Most ex-dividend dates operate on a quarterly basis.

Understanding Principal Financial Gr's Dividend Payouts And Yields

Over the past year, Principal Financial Gr has seen its dividend payouts climb upward and its yields trend downward. Last year on May 29, 2020 the company's payout sat at $0.56, which has since increased by $0.05. Principal Financial Gr's dividend yield last year was 7.47%, which has since decreased by 3.56%.

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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