Understanding Osisko Gold Royalties's Ex-Dividend Date

On May 11, 2021, Osisko Gold Royalties OR declared a dividend payable on July 15, 2021 to its shareholders. Osisko Gold Royalties also announced that shareholders on the company's books on or before June 30, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Osisko Gold Royalties has an ex-dividend date planned for June 29, 2021. The company's current dividend payout sits at $0.05. That equates to a dividend yield of 1.5% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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.

Osisko Gold Royalties's Dividend History

Over the past year, Osisko Gold Royalties has seen its dividend payouts and yields climb upward overall. Last year (June 29, 2020), the company's payout sat at $0.04, which has since increased by $0.01. Osisko Gold Royalties's dividend yield last year was 1.09%, which has since grown by 0.41%.
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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