Urstadt Biddle Properties (NYSE:UBA) issued a dividend to its stockholders on June 4, 2021, which will be paid on July 16, 2021. Urstadt Biddle Properties further announced that the dividend is payable to stockholders on the company’s records on or before July 2, 2021. The stock will thereafter go ex-dividend one or more business day(s) prior to the record date. The Urstadt Biddle Properties stock will go ex-dividend on July 1, 2021. The current dividend distribution for the company is $0.23. At present prices, that translates to a dividend yield of 4.95 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. The majority of ex-dividend dates are quarterly.
Urstadt Biddle Properties has seen an overall higher trend in dividend payouts and yields during the last year. The company’s payment was $0.07 on July 1, 2020, and it has subsequently increased by $0.16. Similarly, Urstadt Biddle Properties’ dividend yield was 1.81 percent last year, and it has since increased by 3.14 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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