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Analyzing Unum's Ex-Dividend Date

Benzinga Insights
·1 min read

On October 16, 2020, Unum (NYSE: UNM) announced shareholders can expect to receive a dividend payable on November 20, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Unum is set for October 29, 2020. The company's current dividend payout sits at $0.28, equating to a dividend yield of 6.06% 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.

Understanding Unum's Dividend Payouts And Yields

Over the past year, Unum has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on October 25, 2019 the company's payout was $0.28, which has returned to its value today. Unum's dividend yield last year was 4.02%, which has since grown by 2.04%.
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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