Benzinga | Nov 30, 2020 10:18AM EST

Analyzing Jack In The Box's Ex-Dividend Date

Jack In The Box (NASDAQ:JACK) declared a dividend payable on December 18, 2020 to its shareholders as of November 13, 2020. It was also announced that shareholders of Jack In The Box's stock as of December 2, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Jack In The Box will be on December 1, 2020. The company's current dividend payout is at $0.4. That equates to a dividend yield of 1.94% 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.

Jack In The Box's Dividend Performance

Over the past year, Jack In The Box has seen its dividend payouts remain the same and its yields trend downward. Last year on August 16, 2019 the company's payout sat at $0.4, which has returned to its value today. Jack In The Box's dividend yield last year was 2.2%, which has since decreased by 0.26%.

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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