Analyzing LTC Properties's Ex-Dividend Date

On April 1, 2021, LTC Properties LTC declared a dividend payable on April 30, 2021 to its shareholders. LTC Properties also announced that shareholders on the company's books on or before April 22, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. LTC Properties, which has a current dividend per share of $0.19, has an ex-dividend date scheduled for April 21, 2021. That equates to a dividend yield of 5.47% at current price levels.

The Significance Of 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.

Understanding LTC Properties's Dividend Payouts And Yields

Over the past year, LTC Properties has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on February 17, 2021 the company's payout was $0.19, which has returned to its value today. LTC Properties's dividend yield last year was 5.86%, which has since decreased by 0.39%.
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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