Wabash National (NYSE:WNC) announced on May 12, 2021 that stockholders will receive a dividend on July 29, 2021. The stock will thereafter go ex-dividend one or more business day(s) prior to the record date. Wabash National has an ex-dividend date of July 7, 2021, with a current dividend per share of $0.08. At present prices, that translates to a 1.86 percent dividend yield.
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.
Wabash National’s dividend payouts have been constant over the last year, while its yields have decreased. The company’s payout was $0.08 on July 1, 2020, and it has since reverted to that level. Wabash National’s dividend yield was 3.12% last year, but it has since dropped to 1.26 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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