Agnico Eagle Mines AEM declared a dividend payable on June 15, 2021 to its shareholders as of April 29, 2021. It was also announced that shareholders of Agnico Eagle Mines's stock as of June 1, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 2 business day(s) before the record date. Agnico Eagle Mines, whose current dividend payout is $0.35, has an ex-dividend date set at May 28, 2021. The payout equates to a dividend yield of 2.15% at current price levels.
Understanding Ex-Dividend Dates'
Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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.
Agnico Eagle Mines's Dividend Performance
Over the past year, Agnico Eagle Mines has seen its dividend payouts and yields climb upward overall. Last year (May 29, 2020), the company's payout sat at $0.2, which has since increased by $0.15. Agnico Eagle Mines's dividend yield last year was 1.32%, which has since grown by 0.83%.
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 Agnico Eagle Mines's previous dividends.
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