Analyzing China Yuchai Intl's Ex-Dividend Date

China Yuchai Intl CYD declared a dividend payable on July 8, 2021 to its shareholders as of June 10, 2021. It was also announced that shareholders of China Yuchai Intl's stock as of June 29, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for China Yuchai Intl is set for June 28, 2021. The company's current dividend payout sits at $1.7, equating to a dividend yield of 10.93% 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

China Yuchai Intl's Dividend Performance

Over the past year, China Yuchai Intl has seen its dividend payouts and yields climb upward overall. Last year (June 28, 2018), the company's payout sat at $1.48, which has since increased by $0.22. China Yuchai Intl's dividend yield last year was 0.0%, which has since grown by 10.93%.
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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