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Analyzing Fomento Economico's Ex-Dividend Date

Benzinga Insights
·2 min read

On October 20, 2020, Fomento Economico (NYSE: FMX) announced shareholders can expect to receive a dividend payable on November 16, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. Fomento Economico, whose current dividend payout is $0.73, has an ex-dividend date set at November 3, 2020. The payout equates to a dividend yield of 2.64% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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 Fomento Economico's Dividend Payouts And Yields

Over the past year, Fomento Economico has seen its dividend payouts remain the same and its yields climb upward overall. Last year on November 2, 2018 the company's payout sat at $0.74, which has returned to its value today. Fomento Economico's dividend yield last year was 1.54%, which has since grown by 1.1%.
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 Fomento Economico click here.

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