Analyzing Central Secs's Ex-Dividend Date

On May 19, 2021, Central Secs CET declared a dividend payable on June 25, 2021 to its shareholders. Central Secs also announced that shareholders on the company's books on or before June 14, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Central Secs has an ex-dividend date set for for June 11, 2021. The company's current dividend payout is $0.2, which equates to a dividend yield of 0.99% at current price levels.

What Are Ex-Dividend Dates?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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 Central Secs's Dividend History

Over the past year, Central Secs has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on June 7, 2019 the company's payout was $0.2, which has returned to its value today. Central Secs's dividend yield last year was 1.0%, which has since decreased by 0.01%.
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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