Understanding Toll Brothers's Ex-Dividend Date

Toll Brothers TOL declared a dividend payable on July 23, 2021 to its shareholders as of June 15, 2021. It was also announced that shareholders of Toll Brothers's stock as of July 9, 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 Toll Brothers will be on July 8, 2021. The company's current dividend payout is at $0.17. That equates to a dividend yield of 1.18% at current price levels.

What Is 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.

Toll Brothers's Dividend Payouts And Yields

Over the past year, Toll Brothers has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on July 9, 2020 the company's payout was $0.11, which has since grown by $0.06. Toll Brothers's dividend yield last year was 1.32%, 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.

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