Analyzing US Lime & Minerals's Ex-Dividend Date

US Lime & Minerals USLM declared a dividend payable on March 12, 2021 to its shareholders as of January 29, 2021. It was also announced that shareholders of US Lime & Minerals's stock as of February 19, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for US Lime & Minerals will be on February 18, 2021. The company's current dividend payout is at $0.16. That equates to a dividend yield of 0.52% at current price levels.

The Significance Of An Ex-Dividend Date

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

Understanding US Lime & Minerals's Dividend Performance

Over the past year, US Lime & Minerals has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on February 20, 2020 the company's payout was $0.16, which has returned to its value today. US Lime & Minerals's dividend yield last year was 0.68%, which has since decreased by 0.16%.
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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