Analyzing Citrix Systems's Ex-Dividend Date
On October 22, 2020, Citrix Systems (NASDAQ:CTXS) announced shareholders can expect to receive a dividend payable on December 22, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Citrix Systems is set for December 7, 2020. The company's current dividend payout sits at $0.35, equating to a dividend yield of 1.03% at current price levels.
The Significance Of 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. Most ex-dividend dates operate on a quarterly basis.
Citrix Systems's Dividend History
Over the past year, Citrix Systems has seen its dividend payouts remain the same and its yields trend downward. Last year on December 5, 2019 the company's payout sat at $0.35, which has returned to its value today. Citrix Systems's dividend yield last year was 1.35%, which has since decreased by 0.32%.
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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