Benzinga | Dec 11, 2020 10:18AM EST

Ex-Dividend Date Insight: Huntsman

Huntsman (NYSE:HUN) declared a dividend payable on December 31, 2020 to its shareholders as of November 2, 2020. It was also announced that shareholders of Huntsman's stock as of December 15, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Huntsman, whose current dividend payout is $0.16, has an ex-dividend date set at December 14, 2020. The payout equates to a dividend yield of 2.68% at current price levels.

What Are Ex-Dividend Dates?

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.

Huntsman's Dividend Performance

Over the past year, Huntsman 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 $0.16, which has returned to its value today. Huntsman's dividend yield last year was 2.78%, which has since decreased by 0.1%.

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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