Ex-Dividend Date Insight: Evertec

On April 22, 2021, Evertec EVTC announced shareholders can expect to receive a dividend payable on June 4, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Evertec will be on April 30, 2021. The company's current dividend payout is at $0.05. That equates to a dividend yield of 0.5% at current price levels.

What Are Ex-Dividend Dates?

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.

Evertec's Dividend Payouts And Yields

Over the past year, Evertec has seen its dividend payouts remain the same and its yields trend downward. Last year on May 1, 2020 the company's payout sat at $0.05, which has returned to its value today. Evertec's dividend yield last year was 0.86%, which has since decreased by 0.36%.
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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