Benzinga | Dec 16, 2020 10:19AM EST

Understanding EnerSys's Ex-Dividend Date

On November 11, 2020, EnerSys (NYSE:ENS) announced shareholders can expect to receive a dividend payable on December 31, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for EnerSys will be on December 17, 2020. The company's current dividend payout is at $0.17. That equates to a dividend yield of 0.84% at current price levels.

What Is An Ex-Dividend Date?

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 EnerSys's Dividend Payouts And Yields

Over the past year, EnerSys has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on December 12, 2019 the company's payout was $0.17, which has returned to its value today. EnerSys's dividend yield last year was 0.97%, which has since decreased by 0.13%.

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.

To read more about EnerSys click here.