Analyzing BWX Technologies's Ex-Dividend Date

BWX Technologies BWXT declared a dividend payable on September 8, 2021 to its shareholders as of July 30, 2021. It was also announced that shareholders of BWX Technologies's stock as of August 19, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. BWX Technologies has an ex-dividend date planned for August 18, 2021. The company's current dividend payout sits at $0.21. That equates to a dividend yield of 1.45% 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. Most ex-dividend dates operate on a quarterly basis.

BWX Technologies's Dividend Performance

Over the past year, BWX Technologies has seen its dividend payouts and yields climb upward overall. Last year (August 18, 2020), the company's payout sat at $0.19, which has since increased by $0.02. BWX Technologies's dividend yield last year was 1.41%, which has since grown by 0.04%.
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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