Ex-Dividend Date Insight: New England Realty

New England Realty NEN declared a dividend payable on December 31, 2020 to its shareholders as of December 11, 2020. It was also announced that shareholders of New England Realty's stock as of December 22, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. New England Realty, which has a current dividend per share of $0.32, has an ex-dividend date scheduled for December 21, 2020. That equates to a dividend yield of 2.61% at current price levels.

The Significance Of 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.

New England Realty's Dividend Payouts And Yields

Over the past year, New England Realty has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on December 13, 2019 the company's payout was $0.32, which has returned to its value today. New England Realty's dividend yield last year was 2.15%, which has since grown by 0.46%.
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 New England Realty's previous dividends.