Benzinga | Nov 20, 2020 10:15AM EST

Understanding Dolby Laboratories's Ex-Dividend Date

On November 12, 2020, Dolby Laboratories (NYSE: DLB) announced shareholders can expect to receive a dividend payable on December 4, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Dolby Laboratories will be on November 23, 2020. The company's current dividend payout is at $0.22. That equates to a dividend yield of 1.05% at current price levels.

The Significance Of 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. Most ex-dividend dates operate on a quarterly basis.

Dolby Laboratories's Dividend Performance

Over the past year, Dolby Laboratories has seen its dividend payouts remain the same and its yields trend downward. Last year on November 25, 2019 the company's payout sat at $0.22, which has returned to its value today. Dolby Laboratories's dividend yield last year was 1.34%, which has since decreased by 0.29%.

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 Dolby Laboratories's previous dividends.