Industrias Bachoco SAB (NYSE:IBA) issued a dividend to its stockholders on June 24, 2021, which will be paid on July 26, 2021. The dividend is payable to shareholders on the company’s books on or before July 13, 2021, according to Industrias Bachoco SAB. The stock will thereafter go ex-dividend one or more business day(s) prior to the record date. The ex-dividend date for Industrias Bachoco SAB, whose current dividend payout is $0.42, is July 12, 2021. At present prices, the payout corresponds to a 1.92 percent dividend return.
Ex-dividend dates are when a company’s stock stops trading with its current dividend distributions in anticipation of a new one being announced. The ex-dividend date of a company is usually one business day before the record date. When buying stocks, investors should keep this in mind because buying them on or after ex-dividend dates does not entitle them to the announced dividend. Dividends declared after the ex-dividend date are paid to shareholders who owned the shares before the ex-dividend date. On a quarterly basis, firms usually announce and execute new dividend yields.
Industrias Bachoco SAB’s dividend payouts have decreased over the last year, while yields have risen. The company’s dividend was $0.44 last year on May 10, 2019, and has since fallen by $0.01. The dividend yield of Industrias Bachoco SAB was 1.77 percent last year, and it has subsequently increased by 0.15 percent. Dividend yields are used in a variety of ways by businesses. Some businesses may choose to reinvest their earnings instead of paying out dividends. To manage how their shares move across the stock market, other corporations may choose to boost or decrease their yield amounts.
To learn more about Industrias Bachoco SAB’s prior dividends, click here.
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