Benzinga | Aug 6, 2021 10:17AM EDT

Ex-Dividend Date Insight: Louisiana-Pacific

On July 30, 2021, Louisiana-Pacific (NYSE:LPX) announced shareholders can expect to receive a dividend payable on September 1, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Louisiana-Pacific has an ex-dividend date planned for August 9, 2021. The company's current dividend payout sits at $0.18. That equates to a dividend yield of 1.28% at current price levels.

What Are Ex-Dividend Dates?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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 Louisiana-Pacific's Dividend Performance

Over the past year, Louisiana-Pacific has seen its dividend payouts climb upward and its yields trend downward. Last year on August 13, 2020 the company's payout sat at $0.14, which has since increased by $0.04. Louisiana-Pacific's dividend yield last year was 1.83%, which has since decreased by 0.55%.

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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