Ex-Dividend Date Insight: Pan American Silver

On May 12, 2021, Pan American Silver PAAS announced shareholders can expect to receive a dividend payable on June 7, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Pan American Silver, which has a current dividend per share of $0.07, has an ex-dividend date scheduled for May 24, 2021. That equates to a dividend yield of 0.81% 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.

Understanding Pan American Silver's Dividend Performance

Over the past year, Pan American Silver has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on May 18, 2020 the company's payout was $0.05, which has since grown by $0.02. Pan American Silver's dividend yield last year was 0.9%, which has since decreased by 0.09%.
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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