Analyzing Rush Enterprises's Ex-Dividend Date
On February 10, 2021, Rush Enterprises (NASDAQ:RUSHB) declared a dividend payable on March 16, 2021 to its shareholders. Rush Enterprises also announced that shareholders on the company's books on or before February 25, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Rush Enterprises will be on February 24, 2021. The company's current dividend payout is at $0.18. That equates to a dividend yield of 1.79% at current price levels.
Understanding Ex-Dividend Dates'
Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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 Rush Enterprises's Dividend History
Over the past year, Rush Enterprises has seen its dividend payouts and yields climb upward overall. Last year (February 24, 2020), the company's payout sat at $0.13, which has since increased by $0.05. Rush Enterprises's dividend yield last year was 1.14%, which has since grown by 0.65%.
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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