Understanding QIWI's Ex-Dividend Date

On May 20, 2021, QIWI QIWI announced shareholders can expect to receive a dividend payable on June 24, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. QIWI, whose current dividend payout is $0.22, has an ex-dividend date set at June 21, 2021. The payout equates to a dividend yield of 8.01% 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.

QIWI's Dividend History

Over the past year, QIWI has seen its dividend payouts and yields climb upward overall. Last year (June 1, 2020), the company's payout sat at $0.14, which has since increased by $0.08. QIWI's dividend yield last year was 4.1%, which has since grown by 3.91%.
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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