Analyzing Guaranty Bancshares's Ex-Dividend Date

Guaranty Bancshares GNTY declared a dividend payable on July 14, 2021 to its shareholders as of June 17, 2021. It was also announced that shareholders of Guaranty Bancshares's stock as of June 28, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Guaranty Bancshares has an ex-dividend date planned for June 25, 2021. The company's current dividend payout sits at $0.2. That equates to a dividend yield of 2.18% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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 Guaranty Bancshares's Dividend Performance

Over the past year, Guaranty Bancshares has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on June 26, 2020 the company's payout was $0.19, which has since grown by $0.01. Guaranty Bancshares's dividend yield last year was 2.91%, which has since decreased by 0.73%.
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.

Click here to find details on Guaranty Bancshares's previous dividends.