Understanding Bank First's Ex-Dividend Date

On October 20, 2020, Bank First BFC announced shareholders can expect to receive a dividend payable on January 6, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Bank First, whose current dividend payout is $0.21, has an ex-dividend date set at December 22, 2020. The payout equates to a dividend yield of 1.37% 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. Most ex-dividend dates operate on a quarterly basis.

Bank First's Dividend Performance

Over the past year, Bank First has seen its dividend payouts and yields climb upward overall. Last year (December 20, 2019), the company's payout sat at $0.2, which has since increased by $0.01. Bank First's dividend yield last year was 1.2%, which has since grown by 0.17%.
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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