Analyzing Triton International's Ex-Dividend Date
On February 16, 2021, Triton International (NYSE:TRTN) declared a dividend payable on March 26, 2021 to its shareholders. Triton International also announced that shareholders on the company's books on or before March 12, 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 Triton International will be on March 11, 2021. The company's current dividend payout is at $0.57. That equates to a dividend yield of 4.19% at current price levels.
The Significance Of 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.
Triton International's Dividend Performance
Over the past year, Triton International has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on March 12, 2020 the company's payout was $0.52, which has since grown by $0.05. Triton International's dividend yield last year was 5.37%, which has since decreased by 1.18%.
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.
Click here to find details on Triton International's previous dividends.
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