Understanding New Residential Inv's Ex-Dividend Date

On June 17, 2021, New Residential Inv NRZ declared a dividend payable on July 30, 2021 to its shareholders. New Residential Inv also announced that shareholders on the company's books on or before July 2, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. New Residential Inv, which has a current dividend per share of $0.2, has an ex-dividend date scheduled for July 1, 2021. That equates to a dividend yield of 7.31% at current price levels.

What Are 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 New Residential Inv's Dividend History

Over the past year, New Residential Inv has experienced an overall upward trend regarding its dividend payouts and yields. Last year on July 1, 2020 the company's payout was $0.1, which has since grown by $0.1. Similarly, New Residential Inv's dividend yield in last year was 5.37%, which has since grown by 1.94%.
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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