Analyzing Korn Ferry's Ex-Dividend Date
On November 22, 2020, Korn Ferry (NYSE:KFY) announced shareholders can expect to receive a dividend payable on January 15, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Korn Ferry will be on December 18, 2020. The company's current dividend payout is at $0.1. That equates to a dividend yield of 1.05% at current price levels.
The Significance Of 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 Korn Ferry's Dividend Performance
Over the past year, Korn Ferry has seen its dividend payouts remain the same and its yields climb upward overall. Last year on December 19, 2019 the company's payout sat at $0.1, which has returned to its value today. Korn Ferry's dividend yield last year was 1.0%, which has since grown by 0.05%.
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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