Ex-Dividend Date Insight: Movado Group

Movado Group MOV declared a dividend payable on September 22, 2021 to its shareholders as of August 26, 2021. It was also announced that shareholders of Movado Group's stock as of September 8, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Movado Group, whose current dividend payout is $0.2, has an ex-dividend date set at September 7, 2021. The payout equates to a dividend yield of 2.33% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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 Movado Group's Dividend History

Over the past year, Movado Group has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on December 5, 2019 the company's payout was $0.2, which has returned to its value today. Movado Group's dividend yield last year was 3.17%, which has since decreased by 0.84%.
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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