Mobile TeleSystems (NYSE:MBT) announced on June 24, 2021 that stockholders will receive a dividend on June 24, 2021. The stock will thereafter go ex-dividend one or more business day(s) prior to the record date. The ex-dividend date for Mobile TeleSystems has been scheduled on July 7, 2021. At current prices, the company’s current dividend payout is $0.73, resulting in a dividend yield of 15.55 percent.
An ex-dividend date is the date on which a company’s stock stops trading with its existing dividend payout 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.
Mobile TeleSystems’ dividend payouts and yields have been on the rise for the past year. The company’s dividend was $0.27 last year on October 10, 2019, and it has since increased by $0.46. Similarly, Mobile TeleSystems’ dividend yield was 6.62 percent last year, but it has now increased to 8.93 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.
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Benzinga.com, 2021. Benzinga does not offer financial advice. All intellectual property rights are reserved.
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