Ex-Dividend Date Insight: Tekla World Healthcare

Tekla World Healthcare THW declared a dividend payable on January 29, 2021 to its shareholders as of January 11, 2021. It was also announced that shareholders of Tekla World Healthcare's stock as of January 21, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Tekla World Healthcare, whose current dividend payout is $0.12, has an ex-dividend date set at January 20, 2021. The payout equates to a dividend yield of 8.66% 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. Most ex-dividend dates operate on a quarterly basis.

Understanding Tekla World Healthcare's Dividend Payouts And Yields

Over the past year, Tekla World Healthcare has seen its dividend payouts remain the same and its yields trend downward. Last year on September 17, 2020 the company's payout sat at $0.12, which has returned to its value today. Tekla World Healthcare's dividend yield last year was 9.79%, which has since decreased by 1.13%.
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 Tekla World Healthcare's previous dividends.