Analyzing Office Props IT's Ex-Dividend Date

On April 15, 2021, Office Props IT OPI declared a dividend payable on May 20, 2021 to its shareholders. Office Props IT also announced that shareholders on the company's books on or before April 26, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Office Props IT is set for April 23, 2021. The company's current dividend payout sits at $0.55, equating to a dividend yield of 7.83% at current price levels.

The Significance Of Ex-Dividend Dates

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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.

Office Props IT's Dividend History

Over the past year, Office Props IT has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on April 9, 2020 the company's payout was $0.55, which has returned to its value today. Office Props IT's dividend yield last year was 8.82%, which has since decreased by 0.99%.
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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