Analyzing Wolverine World Wide's Ex-Dividend Date

Wolverine World Wide WWW declared a dividend payable on August 2, 2021 to its shareholders as of May 5, 2021. It was also announced that shareholders of Wolverine World Wide'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 Wolverine World Wide will be on June 30, 2021. The company's current dividend payout is at $0.1. That equates to a dividend yield of 0.94% at current price levels.

The Significance Of 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 Wolverine World Wide's Dividend Payouts And Yields

Over the past year, Wolverine World Wide has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on June 30, 2020 the company's payout was $0.1, which has returned to its value today. Wolverine World Wide's dividend yield last year was 2.02%, which has since decreased by 1.08%.
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.

To read more news on Wolverine World Wide click here.