Analyzing Tekla Healthcare Opps's Ex-Dividend Date

On January 11, 2021, Tekla Healthcare Opps THQ announced shareholders can expect to receive a dividend payable on January 29, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Tekla Healthcare Opps has an ex-dividend date set for for January 20, 2021. The company's current dividend payout is $0.11, which equates to a dividend yield of 6.58% at current price levels.

The Significance Of Ex-Dividend Dates

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.

Understanding Tekla Healthcare Opps's Dividend Payouts And Yields

Over the past year, Tekla Healthcare Opps has seen its dividend payouts remain the same and its yields trend downward. Last year on September 17, 2020 the company's payout sat at $0.11, which has returned to its value today. Tekla Healthcare Opps's dividend yield last year was 7.48%, which has since decreased by 0.9%.
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 Tekla Healthcare Opps's previous dividends.