Benzinga | Aug 13, 2021 10:42AM EDT

Understanding RE/MAX Hldgs's Ex-Dividend Date

RE/MAX Hldgs (NYSE:RMAX) declared a dividend payable on August 31, 2021 to its shareholders as of August 3, 2021. It was also announced that shareholders of RE/MAX Hldgs's stock as of August 17, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. RE/MAX Hldgs, whose current dividend payout is $0.23, has an ex-dividend date set at August 16, 2021. The payout equates to a dividend yield of 2.73% at current price levels.

What Are 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.

RE/MAX Hldgs's Dividend History

Over the past year, RE/MAX Hldgs has seen its dividend payouts and yields climb upward overall. Last year (August 18, 2020), the company's payout sat at $0.22, which has since increased by $0.01. RE/MAX Hldgs's dividend yield last year was 2.69%, which has since grown by 0.04%.

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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