Benzinga | Nov 18, 2020 10:10AM EST

Analyzing Flaherty & Crumrine's Ex-Dividend Date

On October 22, 2020, Flaherty & Crumrine (NYSE: DFP) declared a dividend payable on November 30, 2020 to its shareholders. Flaherty & Crumrine also announced that shareholders on the company's books on or before November 20, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Flaherty & Crumrine is set for November 19, 2020. The company's current dividend payout sits at $0.17, equating to a dividend yield of 7.22% 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.

Flaherty & Crumrine's Dividend Payouts And Yields

Over the past year, Flaherty & Crumrine has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on July 23, 2020 the company's payout was $0.15, which has since grown by $0.01. Flaherty & Crumrine's dividend yield last year was 8.05%, which has since decreased by 0.83%.

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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