Understanding Voya Financial's Ex-Dividend Date

Voya Financial VOYA declared a dividend payable on June 29, 2021 to its shareholders as of April 29, 2021. It was also announced that shareholders of Voya Financial's stock as of May 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 Voya Financial will be on May 25, 2021. The company's current dividend payout is at $0.17. That equates to a dividend yield of 0.97% at current price levels.

The Significance Of 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Voya Financial's Dividend History

Over the past year, Voya Financial has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on May 28, 2020 the company's payout was $0.15, which has since grown by $0.02. Voya Financial's dividend yield last year was 1.32%, which has since decreased by 0.35%.
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.

Click here to find details on Voya Financial's previous dividends.