Ex-Dividend Date Insight: Alexander & Baldwin

On April 27, 2021, Alexander & Baldwin ALEX declared a dividend payable on July 6, 2021 to its shareholders. Alexander & Baldwin also announced that shareholders on the company's books on or before June 28, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Alexander & Baldwin has an ex-dividend date planned for June 25, 2021. The company's current dividend payout sits at $0.16. That equates to a dividend yield of 3.59% 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. Most ex-dividend dates operate on a quarterly basis.

Understanding Alexander & Baldwin's Dividend Payouts And Yields

Over the past year, Alexander & Baldwin has experienced an overall downward trend regarding its dividend payouts and an upward trend regarding its yields. Last year on November 8, 2019 the company's payout was $0.19, which has since decreased by $0.03. Alexander & Baldwin's dividend yield last year was 3.07%, which has since grown by 0.52%.
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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