Benzinga | Sep 10, 2021 07:36PM EDT

Understanding GAMCO Investors's Ex-Dividend Date

On August 3, 2021, GAMCO Investors (NYSE:GBL) announced shareholders can expect to receive a dividend payable on September 28, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for GAMCO Investors will be on September 13, 2021. The company's current dividend payout is at $0.02. That equates to a dividend yield of 0.3% at current price levels.

The Significance Of Ex-Dividend Dates

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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.

GAMCO Investors's Dividend History

Over the past year, GAMCO Investors has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on December 14, 2020 the company's payout was $0.02, which has returned to its value today. GAMCO Investors's dividend yield last year was 0.62%, which has since decreased by 0.32%.

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 GAMCO Investors's previous dividends.

To keep track of which companies are distributing dividends, click here to visit our Dividends Calendar.