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On October 27, 2020, MarketAxess Holdings (NASDAQ: MKTX) declared a dividend payable on November 25, 2020 to its shareholders. MarketAxess Holdings also announced that shareholders on the company's books on or before November 11, 2020 are entitled to the dividend. The stock will then go ex-dividend 2 business day(s) before the record date. MarketAxess Holdings has an ex-dividend date set for for November 9, 2020. The company's current dividend payout is $0.6, which equates to a dividend yield of 0.44% at current price levels.
The Significance Of Ex-Dividend Dates
An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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.
Understanding MarketAxess Holdings's Dividend History
Over the past year, MarketAxess Holdings has seen its dividend payouts climb upward and its yields trend downward. Last year on November 5, 2019 the company's payout sat at $0.51, which has since increased by $0.09. MarketAxess Holdings's dividend yield last year was 0.6%, which has since decreased 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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