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On December 18, 2020, Thor Industries (NYSE:THO) announced shareholders can expect to receive a dividend payable on January 18, 2021. The stock will then go ex-dividend 2 business day(s) before the record date. Thor Industries has an ex-dividend date set for for December 31, 2020. The company's current dividend payout is $0.41, which equates to a dividend yield of 1.76% at current price levels.
What Is An Ex-Dividend Date?
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. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Thor Industries's Dividend Payouts And Yields
Over the past year, Thor Industries has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on December 24, 2019 the company's payout was $0.4, which has since grown by $0.01. Thor Industries's dividend yield last year was 2.31%, which has since decreased by 0.55%.
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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