Understanding Invesco Trust's Ex-Dividend Date

On June 1, 2021, Invesco Trust VGM declared a dividend payable on June 30, 2021 to its shareholders. Invesco Trust also announced that shareholders on the company's books on or before June 14, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Invesco Trust, whose current dividend payout is $0.06, has an ex-dividend date set at June 11, 2021. The payout equates to a dividend yield of 4.7% 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Invesco Trust's Dividend Payouts And Yields

Over the past year, Invesco Trust has seen its dividend payouts remain the same and its yields trend downward. Last year on February 11, 2021 the company's payout sat at $0.06, which has returned to its value today. Invesco Trust's dividend yield last year was 4.98%, which has since decreased by 0.28%.
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.

To read more about Invesco Trust click here.