Analyzing Insight Select Income's Ex-Dividend Date

Author: Benzinga Insights | December 18, 2020 11:15am

Insight Select Income (NYSE:INSI) declared a dividend payable on December 29, 2020 to its shareholders as of December 9, 2020. It was also announced that shareholders of Insight Select Income's stock as of December 22, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Insight Select Income will be on December 21, 2020. The company's current dividend payout is at $0.2. That equates to a dividend yield of 3.74% at current price levels.

Understanding Ex-Dividend Dates'

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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

Insight Select Income's Dividend History

Over the past year, Insight Select Income has experienced an overall downward trend regarding its dividend payouts and yields. Last year on December 20, 2019 the company's payout was $0.23, which has since decreased by $0.03. Similarly, Insight Select Income's dividend yield last year was 4.55%, which has since declined by 0.81%.
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: INSI