Understanding Enviva Partners's Ex-Dividend Date

Enviva Partners EVA declared a dividend payable on August 27, 2021 to its shareholders as of July 27, 2021. It was also announced that shareholders of Enviva Partners's stock as of August 13, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Enviva Partners has an ex-dividend date planned for August 12, 2021. The company's current dividend payout sits at $0.81. That equates to a dividend yield of 5.8% at current price levels.

Understanding 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. Most ex-dividend dates operate on a quarterly basis.

Understanding Enviva Partners's Dividend History

Over the past year, Enviva Partners has seen its dividend payouts climb upward and its yields trend downward. Last year on August 14, 2020 the company's payout sat at $0.77, which has since increased by $0.05. Enviva Partners's dividend yield last year was 7.83%, which has since decreased by 2.03%.
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 Enviva Partners's previous dividends.