Analyzing Gabelli Dividend & Income's Ex-Dividend Date

On August 19, 2021, Gabelli Dividend & Income GDV announced shareholders can expect to receive a dividend payable on October 22, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Gabelli Dividend & Income will be on October 14, 2021. The company's current dividend payout is at $0.11. That equates to a dividend yield of 5.02% at current price levels.

The Significance Of An Ex-Dividend Date

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.

Gabelli Dividend & Income's Dividend Payouts And Yields

Over the past year, Gabelli Dividend & Income has seen its dividend payouts remain the same and its yields trend downward. Last year on August 16, 2021 the company's payout sat at $0.11, which has returned to its value today. Gabelli Dividend & Income's dividend yield last year was 5.28%, which has since decreased by 0.26%.
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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