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Analyzing PLDT's Ex-Dividend Date

Author: Benzinga Insights | August 16, 2021 10:38am

On August 5, 2021, PLDT (NYSE:PHI) announced shareholders can expect to receive a dividend payable on September 20, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for PLDT will be on August 17, 2021. The company's current dividend payout is at $0.84. That equates to a dividend yield of 6.88% at current price levels.

What Is An Ex-Dividend Date?

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.

Understanding PLDT's Dividend Payouts And Yields

Over the past year, PLDT has experienced an overall upward trend regarding its dividend payouts and yields. Last year on August 24, 2018 the company's payout was $0.67, which has since grown by $0.18. Similarly, PLDT's dividend yield in last year was 5.0%, which has since grown by 1.88%.
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: PHI

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