Analyzing Voya Global Equity's Ex-Dividend Date

Author: Benzinga Insights | June 30, 2021 10:20am

On June 15, 2021, Voya Global Equity (NYSE:IGD) declared a dividend payable on July 15, 2021 to its shareholders. Voya Global Equity also announced that shareholders on the company's books on or before July 2, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Voya Global Equity will be on July 1, 2021. The company's current dividend payout is at $0.04. That equates to a dividend yield of 7.92% 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 Voya Global Equity's Dividend Payouts And Yields

Over the past year, Voya Global Equity has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on March 1, 2021 the company's payout was $0.04, which has returned to its value today. Voya Global Equity's dividend yield last year was 8.89%, which has since decreased by 0.97%.
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: IGD