Shoe Carnival (NASDAQ:SCVL) declared a dividend payable on April 19, 2021 to its shareholders as of March 19, 2021. It was also announced that shareholders of Shoe Carnival’s stock as of April 5, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 2 business day(s) before the record date. Shoe Carnival, whose current dividend payout is $0.14, has an ex-dividend date set at April 1, 2021. The payout equates to a dividend yield of 1.01% at current price levels.
The Significance Of Ex-Dividend Dates
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. Most ex-dividend dates operate on a quarterly basis.
Understanding Shoe Carnival’s Dividend History
Over the past year, Shoe Carnival has seen its dividend payouts climb upward and its yields trend downward. Last year on April 3, 2020 the company’s payout sat at $0.09, which has since increased by $0.06. Shoe Carnival’s dividend yield last year was 1.69%, which has since decreased by 0.68%.
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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