Ex-Dividend Date Insight: Hingham Institution

Hingham Institution HIFS declared a dividend payable on April 21, 2021 to its shareholders as of March 31, 2021. It was also announced that shareholders of Hingham Institution's stock as of April 12, 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 Hingham Institution is set for April 9, 2021. The company's current dividend payout sits at $0.49, equating to a dividend yield of 0.7% 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.

Hingham Institution's Dividend Payouts And Yields

Over the past year, Hingham Institution has seen its dividend payouts climb upward and its yields trend downward. Last year on July 2, 2020 the company's payout sat at $0.43, which has since increased by $0.06. Hingham Institution's dividend yield last year was 1.04%, which has since decreased by 0.34%.
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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