Analyzing Western Asset Managed's Ex-Dividend Date

On February 17, 2021, Western Asset Managed MMU declared a dividend payable on June 1, 2021 to its shareholders. Western Asset Managed also announced that shareholders on the company's books on or before May 21, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Western Asset Managed, which has a current dividend per share of $0.04, has an ex-dividend date scheduled for May 20, 2021. That equates to a dividend yield of 3.86% at current price levels.

What Are 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. Most ex-dividend dates operate on a quarterly basis.

Understanding Western Asset Managed's Dividend Payouts And Yields

Over the past year, Western Asset Managed has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on January 21, 2021 the company's payout was $0.04, which has returned to its value today. Western Asset Managed's dividend yield last year was 4.31%, which has since decreased by 0.45%.
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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