Understanding Spectrum Brands Holdings's Ex-Dividend Date

On May 4, 2021, Spectrum Brands Holdings SPB announced shareholders can expect to receive a dividend payable on June 10, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Spectrum Brands Holdings is set for May 19, 2021. The company's current dividend payout sits at $0.42, equating to a dividend yield of 1.9% 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.

Spectrum Brands Holdings's Dividend Performance

Over the past year, Spectrum Brands Holdings has seen its dividend payouts remain the same and its yields trend downward. Last year on February 22, 2021 the company's payout sat at $0.42, which has returned to its value today. Spectrum Brands Holdings's dividend yield last year was 2.15%, which has since decreased by 0.25%.
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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