Ex-Dividend Date Insight: Glen Burnie Bancorp

Glen Burnie Bancorp GLBZ declared a dividend payable on February 8, 2021 to its shareholders as of January 15, 2021. It was also announced that shareholders of Glen Burnie Bancorp's stock as of January 25, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Glen Burnie Bancorp, which has a current dividend per share of $0.1, has an ex-dividend date scheduled for January 22, 2021. That equates to a dividend yield of 3.48% at current price levels.

What Is An Ex-Dividend Date?

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.

Understanding Glen Burnie Bancorp's Dividend History

Over the past year, Glen Burnie Bancorp has seen its dividend payouts remain the same and its yields climb upward overall. Last year on January 16, 2020 the company's payout sat at $0.1, which has returned to its value today. Glen Burnie Bancorp's dividend yield last year was 3.46%, which has since grown by 0.02%.
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 Glen Burnie Bancorp click here.