Analyzing BCB Bancorp's Ex-Dividend Date

On July 19, 2021, BCB Bancorp BCBP declared a dividend payable on August 18, 2021 to its shareholders. BCB Bancorp also announced that shareholders on the company's books on or before August 4, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. BCB Bancorp has an ex-dividend date planned for August 3, 2021. The company's current dividend payout sits at $0.16. That equates to a dividend yield of 4.78% at current price levels.

What Is An Ex-Dividend Date?

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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.

BCB Bancorp's Dividend Payouts And Yields

Over the past year, BCB Bancorp has seen its dividend payouts climb upward and its yields trend downward. Last year on August 6, 2020 the company's payout sat at $0.14, which has since increased by $0.02. BCB Bancorp's dividend yield last year was 6.69%, which has since decreased by 1.91%.
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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