Ex-Dividend Date Insight: Huntington Ingalls Indus

On April 29, 2021, Huntington Ingalls Indus HII declared a dividend payable on June 11, 2021 to its shareholders. Huntington Ingalls Indus also announced that shareholders on the company's books on or before May 28, 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 Huntington Ingalls Indus will be on May 27, 2021. The company's current dividend payout is at $1.14. That equates to a dividend yield of 2.17% at current price levels.

The Significance Of An Ex-Dividend Date

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

Huntington Ingalls Indus's Dividend Performance

Over the past year, Huntington Ingalls Indus 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 $1.03, which has since grown by $0.11. Huntington Ingalls Indus's dividend yield last year was 2.19%, which has since decreased by 0.02%.
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 Huntington Ingalls Indus's previous dividends.