Benzinga | Jun 16, 2021 10:22AM EDT

Analyzing Curtiss-Wright's Ex-Dividend Date

On May 12, 2021, Curtiss-Wright (NYSE:CW) declared a dividend payable on July 2, 2021 to its shareholders. Curtiss-Wright also announced that shareholders on the company's books on or before June 18, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Curtiss-Wright has an ex-dividend date planned for June 17, 2021. The company's current dividend payout sits at $0.18. That equates to a dividend yield of 0.57% 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Curtiss-Wright's Dividend Payouts And Yields

Over the past year, Curtiss-Wright has seen its dividend payouts climb upward and its yields trend downward. Last year on June 18, 2020 the company's payout sat at $0.17, which has since increased by $0.01. Curtiss-Wright's dividend yield last year was 0.76%, which has since decreased by 0.19%.

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 Curtiss-Wright's previous dividends.