Understanding Wells Fargo Income's Ex-Dividend Date

Wells Fargo Income EAD declared a dividend payable on August 2, 2021 to its shareholders as of June 25, 2021. It was also announced that shareholders of Wells Fargo Income's stock as of July 13, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Wells Fargo Income, whose current dividend payout is $0.06, has an ex-dividend date set at July 12, 2021. The payout equates to a dividend yield of 8.02% at current price levels.

The Significance Of 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. Most ex-dividend dates operate on a quarterly basis.

Wells Fargo Income's Dividend History

Over the past year, Wells Fargo Income has seen its dividend payouts remain the same and its yields trend downward. Last year on March 11, 2021 the company's payout sat at $0.06, which has returned to its value today. Wells Fargo Income's dividend yield last year was 8.18%, which has since decreased by 0.16%.
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 Wells Fargo Income click here.