Understanding Goldman Sachs MLP's Ex-Dividend Date

On August 13, 2021, Goldman Sachs MLP GER announced shareholders can expect to receive a dividend payable on August 31, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Goldman Sachs MLP has an ex-dividend date set for for August 24, 2021. The company's current dividend payout is $0.17, which equates to a dividend yield of 6.16% at current price levels.

What Are 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. Most ex-dividend dates operate on a quarterly basis.

Understanding Goldman Sachs MLP's Dividend History

Over the past year, Goldman Sachs MLP has seen its dividend payouts climb upward and its yields trend downward. Last year on August 24, 2020 the company's payout sat at $0.15, which has since increased by $0.01. Goldman Sachs MLP's dividend yield last year was 8.12%, which has since decreased by 1.96%.
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 Goldman Sachs MLP's previous dividends.