Understanding Papa John's International's Ex-Dividend Date

On August 3, 2021, Papa John's International PZZA declared a dividend payable on August 27, 2021 to its shareholders. Papa John's International also announced that shareholders on the company's books on or before August 16, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Papa John's International has an ex-dividend date planned for August 13, 2021. The company's current dividend payout sits at $0.35. That equates to a dividend yield of 1.23% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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 Papa John's International's Dividend History

Over the past year, Papa John's International has seen its dividend payouts and yields climb upward overall. Last year (August 10, 2020), the company's payout sat at $0.23, which has since increased by $0.12. Papa John's International's dividend yield last year was 0.97%, which has since grown by 0.26%.
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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