Understanding ESCO Technologies's Ex-Dividend Date

ESCO Technologies ESE declared a dividend payable on July 16, 2021 to its shareholders as of May 4, 2021. It was also announced that shareholders of ESCO Technologies's stock as of July 1, 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 ESCO Technologies will be on June 30, 2021. The company's current dividend payout is at $0.08. That equates to a dividend yield of 0.29% at current price levels.

What Are Ex-Dividend Dates?

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 ESCO Technologies's Dividend Performance

Over the past year, ESCO Technologies has seen its dividend payouts remain the same and its yields trend downward. Last year on July 1, 2020 the company's payout sat at $0.08, which has returned to its value today. ESCO Technologies's dividend yield last year was 0.43%, which has since decreased by 0.14%.
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 ESCO Technologies's previous dividends.