Analyzing Western Asset High Income's Ex-Dividend Date

Author: Benzinga Insights | February 17, 2021 11:30am

Western Asset High Income (NYSE:HIO) declared a dividend payable on June 1, 2021 to its shareholders as of February 17, 2021. It was also announced that shareholders of Western Asset High Income's stock as of May 21, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Western Asset High Income, whose current dividend payout is $0.03, has an ex-dividend date set at May 20, 2021. The payout equates to a dividend yield of 7.1% 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.

Western Asset High Income's Dividend History

Over the past year, Western Asset High Income has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on February 18, 2021 the company's payout was $0.03, which has returned to its value today. Western Asset High Income's dividend yield last year was 7.8%, which has since decreased by 0.7%.
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: HIO