Understanding Western Asset High Income's Ex-Dividend Date

Author: Benzinga Insights | November 18, 2020 11:13am

On November 17, 2020, Western Asset High Income (NYSE: HIO) announced shareholders can expect to receive a dividend payable on December 31, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Western Asset High Income, which has a current dividend per share of $0.03, has an ex-dividend date scheduled for December 22, 2020. That equates to a dividend yield of 7.8% at current price levels.

Understanding 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.

Understanding Western Asset High Income's Dividend Payouts And Yields

Over the past year, Western Asset High Income has seen its dividend payouts remain the same and its yields trend downward. Last year on October 22, 2020 the company's payout sat at $0.03, which has returned to its value today. Western Asset High Income's dividend yield last year was 7.89%, which has since decreased by 0.09%.
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.

Click here to find details on Western Asset High Income's previous dividends.

Posted In: HIO