Analyzing Franklin Street Props's Ex-Dividend Date

On April 2, 2021, Franklin Street Props FSP declared a dividend payable on May 7, 2021 to its shareholders. Franklin Street Props also announced that shareholders on the company's books on or before April 16, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Franklin Street Props has an ex-dividend date set for for April 15, 2021. The company's current dividend payout is $0.09, which equates to a dividend yield of 6.34% at current price levels.

Understanding 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Franklin Street Props's Dividend Payouts And Yields

Over the past year, Franklin Street Props has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on April 16, 2020 the company's payout was $0.09, which has returned to its value today. Franklin Street Props's dividend yield last year was 6.78%, which has since decreased by 0.44%.
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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