Understanding Atlas's Ex-Dividend Date

Atlas ATCO declared a dividend payable on April 30, 2021 to its shareholders as of April 6, 2021. It was also announced that shareholders of Atlas's stock as of April 20, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Atlas has an ex-dividend date planned for April 19, 2021. The company's current dividend payout sits at $0.12. That equates to a dividend yield of 3.57% at current price levels.

What Is An Ex-Dividend Date?

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.

Atlas's Dividend Performance

Over the past year, Atlas has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on April 17, 2020 the company's payout was $0.12, which has returned to its value today. Atlas's dividend yield last year was 6.5%, which has since decreased by 2.93%.
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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