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Nuveen Dynamic Municipal (NYSE:NDMO) declared a dividend payable on September 1, 2021 to its shareholders as of August 2, 2021. It was also announced that shareholders of Nuveen Dynamic Municipal's stock as of August 13, 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 Nuveen Dynamic Municipal will be on August 12, 2021. The company's current dividend payout is at $0.08. That equates to a dividend yield of 5.3% 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, Nuveen Dynamic Municipal has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on April 14, 2021 the company's payout was $0.08, which has returned to its value today. Nuveen Dynamic Municipal's dividend yield last year was 5.68%, which has since decreased by 0.38%.
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.
Click here to find details on Nuveen Dynamic Municipal's previous dividends.
Posted In: NDMO
