Analyzing Industrial Logistics's Ex-Dividend Date

Industrial Logistics ILPT declared a dividend payable on May 20, 2021 to its shareholders as of April 15, 2021. It was also announced that shareholders of Industrial Logistics's stock as of April 26, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Industrial Logistics is set for April 23, 2021. The company's current dividend payout sits at $0.33, equating to a dividend yield of 5.48% at current price levels.

Understanding 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.

Related content: Benzinga's Full Dividend Calendar

Understanding Industrial Logistics's Dividend Performance

Over the past year, Industrial Logistics has seen its dividend payouts remain the same and its yields trend downward. Last year on April 15, 2020 the company's payout sat at $0.33, which has returned to its value today. Industrial Logistics's dividend yield last year was 8.78%, which has since decreased by 3.3%.
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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