Ex-Dividend Date Insight: Western Asset

On September 16, 2020, Western Asset WIW declared a dividend payable on November 30, 2020 to its shareholders. Western Asset also announced that shareholders on the company's books on or before November 20, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Western Asset, which has a current dividend per share of $0.03, has an ex-dividend date scheduled for November 19, 2020. That equates to a dividend yield of 3.23% at current price levels.

What Is An Ex-Dividend Date?

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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Understanding Western Asset's Dividend Payouts And Yields

Over the past year, Western Asset has seen its dividend payouts remain the same and its yields trend downward. Last year on June 22, 2020 the company's payout sat at $0.03, which has returned to its value today. Western Asset's dividend yield last year was 3.59%, which has since decreased by 0.36%.
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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