Benzinga | Dec 7, 2020 10:16AM EST

Ex-Dividend Date Insight: Flushing Financial

On November 24, 2020, Flushing Financial (NASDAQ:FFIC) declared a dividend payable on December 23, 2020 to its shareholders. Flushing Financial also announced that shareholders on the company's books on or before December 9, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Flushing Financial, whose current dividend payout is $0.21, has an ex-dividend date set at December 8, 2020. The payout equates to a dividend yield of 5.75% at current price levels.

Understanding 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.

Understanding Flushing Financial's Dividend Performance

Over the past year, Flushing Financial has seen its dividend payouts remain the same and its yields climb upward overall. Last year on December 12, 2019 the company's payout sat at $0.21, which has returned to its value today. Flushing Financial's dividend yield last year was 3.94%, which has since grown by 1.81%.

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 Flushing Financial's previous dividends.