Ex-Dividend Date Insight: Cornerstone Strategic

Author: Benzinga Insights | February 11, 2021 11:16am

Cornerstone Strategic (AMEX:CLM) declared a dividend payable on June 30, 2021 to its shareholders as of February 5, 2021. It was also announced that shareholders of Cornerstone Strategic's stock as of June 15, 2021 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 Cornerstone Strategic will be on June 14, 2021. The company's current dividend payout is at $0.16. That equates to a dividend yield of 15.53% 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. Most ex-dividend dates operate on a quarterly basis.

Cornerstone Strategic's Dividend Performance

Over the past year, Cornerstone Strategic has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on February 12, 2021 the company's payout was $0.16, which has returned to its value today. Cornerstone Strategic's dividend yield last year was 17.32%, which has since decreased by 1.79%.
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: CLM