Analyzing Arcos Dorados Holdings's Ex-Dividend Date
Arcos Dorados Holdings (NYSE:ARCO) declared a dividend payable on December 10, 2020 to its shareholders as of March 4, 2020. It was also announced that shareholders of Arcos Dorados Holdings's stock as of December 7, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. The ex-dividend date for Arcos Dorados Holdings is set for December 4, 2020. The company's current dividend payout sits at $0.03, equating to a dividend yield of 1.81% at current price levels.
What Is An Ex-Dividend Date?
An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Understanding Arcos Dorados Holdings's Dividend History
Over the past year, Arcos Dorados Holdings has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on December 6, 2019 the company's payout was $0.03, which has returned to its value today. Arcos Dorados Holdings's dividend yield last year was 1.47%, which has since grown by 0.34%.
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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