- Oops!Something went wrong.Please try again later.
FirstCash (NASDAQ: FCFS) declared a dividend payable on November 27, 2020 to its shareholders as of October 21, 2020. It was also announced that shareholders of FirstCash's stock as of November 13, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. FirstCash has an ex-dividend date set for for November 12, 2020. The company's current dividend payout is $0.27, which equates to a dividend yield of 1.78% 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.
FirstCash's Dividend History
Over the past year, FirstCash has seen its dividend payouts remain the same and its yields climb upward overall. Last year on November 14, 2019 the company's payout sat at $0.27, which has returned to its value today. FirstCash's dividend yield last year was 1.14%, which has since grown by 0.64%.
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.
To read more news on FirstCash click here.
See more from Benzinga
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.