Ex-Dividend Date Insight: Invesco Dynamic Credit

On April 1, 2021, Invesco Dynamic Credit VTA announced shareholders can expect to receive a dividend payable on April 30, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Invesco Dynamic Credit has an ex-dividend date set for for April 13, 2021. The company's current dividend payout is $0.07, which equates to a dividend yield of 7.92% at current price levels.

Understanding Ex-Dividend Dates'

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.

Invesco Dynamic Credit's Dividend History

Over the past year, Invesco Dynamic Credit has experienced an overall upward trend regarding its dividend payouts and yields. Last year on December 14, 2020 the company's payout was $0.02, which has since grown by $0.05. Similarly, Invesco Dynamic Credit's dividend yield in last year was 6.35%, which has since grown by 1.57%.
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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