Understanding LTC Properties's Ex-Dividend Date

LTC Properties LTC declared a dividend payable on September 30, 2021 to its shareholders as of July 1, 2021. It was also announced that shareholders of LTC Properties's stock as of September 22, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. LTC Properties, whose current dividend payout is $0.19, has an ex-dividend date set at September 21, 2021. The payout equates to a dividend yield of 5.94% at current price levels.

The Significance Of Ex-Dividend Dates

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.

LTC Properties's Dividend Performance

Over the past year, LTC Properties has seen its dividend payouts remain the same and its yields climb upward overall. Last year on May 19, 2021 the company's payout sat at $0.19, which has returned to its value today. LTC Properties's dividend yield last year was 5.47%, which has since grown by 0.47%.
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 LTC Properties's previous dividends.