Benzinga | Aug 10, 2021 10:51AM EDT

Understanding AllianzGI Artificial's Ex-Dividend Date

On August 2, 2021, AllianzGI Artificial (NYSE:AIO) declared a dividend payable on September 1, 2021 to its shareholders. AllianzGI Artificial also announced that shareholders on the company's books on or before August 12, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. AllianzGI Artificial has an ex-dividend date set for for August 11, 2021. The company's current dividend payout is $0.12, which equates to a dividend yield of 5.58% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.

AllianzGI Artificial's Dividend Payouts And Yields

Over the past year, AllianzGI Artificial has seen its dividend payouts remain the same and its yields trend downward. Last year on April 9, 2021 the company's payout sat at $0.12, which has returned to its value today. AllianzGI Artificial's dividend yield last year was 5.65%, which has since decreased by 0.07%.

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 AllianzGI Artificial's previous dividends.