Analyzing Bank of N.T Butterfield's Ex-Dividend Date
On February 10, 2021, Bank of N.T Butterfield (NYSE:NTB) announced shareholders can expect to receive a dividend payable on March 10, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Bank of N.T Butterfield has an ex-dividend date planned for February 23, 2021. The company's current dividend payout sits at $0.44. That equates to a dividend yield of 5.29% at current price levels.
The Significance Of An Ex-Dividend Date
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. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Understanding Bank of N.T Butterfield's Dividend Payouts And Yields
Over the past year, Bank of N.T Butterfield has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on February 25, 2020 the company's payout was $0.44, which has returned to its value today. Bank of N.T Butterfield's dividend yield last year was 5.13%, which has since grown by 0.16%.
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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