Understanding Cohen & Steers REIT's Ex-Dividend Date

Cohen & Steers REIT RNP declared a dividend payable on March 31, 2021 to its shareholders as of December 14, 2020. It was also announced that shareholders of Cohen & Steers REIT's stock as of March 17, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Cohen & Steers REIT has an ex-dividend date planned for March 16, 2021. The company's current dividend payout sits at $0.12. That equates to a dividend yield of 6.79% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.

Cohen & Steers REIT's Dividend Payouts And Yields

Over the past year, Cohen & Steers REIT has seen its dividend payouts remain the same and its yields trend downward. Last year on December 15, 2020 the company's payout sat at $0.12, which has returned to its value today. Cohen & Steers REIT's dividend yield last year was 7.29%, which has since decreased by 0.5%.
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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