Analyzing Equity Lifestyle Props's Ex-Dividend Date

On June 14, 2021, Equity Lifestyle Props ELS declared a dividend payable on July 9, 2021 to its shareholders. Equity Lifestyle Props also announced that shareholders on the company's books on or before June 25, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Equity Lifestyle Props has an ex-dividend date planned for June 24, 2021. The company's current dividend payout sits at $0.36. That equates to a dividend yield of 1.91% 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 Equity Lifestyle Props's Dividend History

Over the past year, Equity Lifestyle Props has seen its dividend payouts climb upward and its yields trend downward. Last year on June 25, 2020 the company's payout sat at $0.34, which has since increased by $0.02. Equity Lifestyle Props's dividend yield last year was 2.22%, which has since decreased by 0.31%.
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 news on Equity Lifestyle Props click here.