Benzinga | Dec 8, 2020 10:16AM EST

Understanding MDU Resources Gr's Ex-Dividend Date

On November 12, 2020, MDU Resources Gr (NYSE:MDU) announced shareholders can expect to receive a dividend payable on January 1, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. MDU Resources Gr, which has a current dividend per share of $0.21, has an ex-dividend date scheduled for December 9, 2020. That equates to a dividend yield of 3.4% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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 MDU Resources Gr's Dividend History

Over the past year, MDU Resources Gr has experienced an overall upward trend regarding its dividend payouts and yields. Last year on December 11, 2019 the company's payout was $0.21, which has since grown by $0.01. Similarly, MDU Resources Gr's dividend yield in last year was 2.85%, which has since grown by 0.55%.

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 news on MDU Resources Gr click here.