Understanding Flaherty & Crumrine's Ex-Dividend Date

Author: Benzinga Insights | November 18, 2020 11:14am

On October 22, 2020, Flaherty & Crumrine (NYSE: FFC) declared a dividend payable on November 30, 2020 to its shareholders. Flaherty & Crumrine also announced that shareholders on the company's books on or before November 20, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Flaherty & Crumrine has an ex-dividend date planned for November 19, 2020. The company's current dividend payout sits at $0.13. That equates to a dividend yield of 7.31% at current price levels.

Understanding Ex-Dividend Dates'

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.

Understanding Flaherty & Crumrine's Dividend Payouts And Yields

Over the past year, Flaherty & Crumrine has seen its dividend payouts climb upward and its yields trend downward. Last year on July 23, 2020 the company's payout sat at $0.12, which has since increased by $0.01. Flaherty & Crumrine's dividend yield last year was 7.79%, which has since decreased by 0.48%.
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 Flaherty & Crumrine's previous dividends.

Posted In: FFC