Understanding Peoples Bancorp's Ex-Dividend Date

Peoples Bancorp PEBO declared a dividend payable on May 17, 2021 to its shareholders as of April 20, 2021. It was also announced that shareholders of Peoples Bancorp's stock as of May 3, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Peoples Bancorp has an ex-dividend date set for for April 30, 2021. The company's current dividend payout is $0.36, which equates to a dividend yield of 4.26% at current price levels.

What Are 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. Most ex-dividend dates operate on a quarterly basis.

Peoples Bancorp's Dividend History

Over the past year, Peoples Bancorp has seen its dividend payouts climb upward and its yields trend downward. Last year on May 1, 2020 the company's payout sat at $0.34, which has since increased by $0.02. Peoples Bancorp's dividend yield last year was 6.12%, which has since decreased by 1.86%.
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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