Understanding Clearway Energy's Ex-Dividend Date

On May 6, 2021, Clearway Energy CWEN declared a dividend payable on June 15, 2021 to its shareholders. Clearway Energy also announced that shareholders on the company's books on or before June 1, 2021 are entitled to the dividend. The stock will then go ex-dividend 2 business day(s) before the record date. Clearway Energy, whose current dividend payout is $0.33, has an ex-dividend date set at May 28, 2021. The payout equates to a dividend yield of 4.76% at current price levels.

Understanding 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.

Clearway Energy's Dividend History

Over the past year, Clearway Energy has experienced an overall upward trend regarding its dividend payouts and yields. Last year on May 29, 2020 the company's payout was $0.21, which has since grown by $0.12. Similarly, Clearway Energy's dividend yield in last year was 4.12%, which has since grown by 0.64%.
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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