Analyzing HarborOne Bancorp's Ex-Dividend Date

On July 1, 2021, HarborOne Bancorp HONE announced shareholders can expect to receive a dividend payable on July 28, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. HarborOne Bancorp has an ex-dividend date planned for July 13, 2021. The company's current dividend payout sits at $0.05. That equates to a dividend yield of 1.39% 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.

Understanding HarborOne Bancorp's Dividend Performance

Over the past year, HarborOne Bancorp has seen its dividend payouts climb upward and its yields trend downward. Last year on July 13, 2020 the company's payout sat at $0.03, which has since increased by $0.02. HarborOne Bancorp's dividend yield last year was 1.41%, which has since decreased by 0.02%.
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.

Click here to find details on HarborOne Bancorp's previous dividends.