Understanding Western Asset High Income's Ex-Dividend Date

On November 17, 2020, Western Asset High Income HIX declared a dividend payable on February 1, 2021 to its shareholders. Western Asset High Income also announced that shareholders on the company's books on or before January 22, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Western Asset High Income, whose current dividend payout is $0.05, has an ex-dividend date set at January 21, 2021. The payout equates to a dividend yield of 8.65% 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 Western Asset High Income's Dividend Performance

Over the past year, Western Asset High Income has seen its dividend payouts remain the same and its yields trend downward. Last year on October 22, 2020 the company's payout sat at $0.05, which has returned to its value today. Western Asset High Income's dividend yield last year was 8.78%, which has since decreased by 0.13%.
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 Western Asset High Income's previous dividends.