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On November 2, 2020, Highland Income Fund (NYSE: HFRO) announced shareholders can expect to receive a dividend payable on November 30, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Highland Income Fund has an ex-dividend date planned for November 20, 2020. The company's current dividend payout sits at $0.08. That equates to a dividend yield of 11.77% at current price levels.
Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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.
Over the past year, Highland Income Fund has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on July 23, 2020 the company's payout was $0.08, which has returned to its value today. Highland Income Fund's dividend yield last year was 11.48%, which has since grown by 0.29%.
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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Posted In: HFRO
