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Analyzing Voya Global Equity's Ex-Dividend Date

Benzinga Insights
·2 min read

On October 15, 2020, Voya Global Equity (NYSE: IGD) declared a dividend payable on November 16, 2020 to its shareholders. Voya Global Equity also announced that shareholders on the company's books on or before November 3, 2020 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 Voya Global Equity is set for November 2, 2020. The company's current dividend payout sits at $0.04, equating to a dividend yield of 9.66% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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 Voya Global Equity's Dividend Payouts And Yields

Over the past year, Voya Global Equity has seen its dividend payouts remain the same and its yields trend downward. Last year on July 1, 2020 the company's payout sat at $0.04, which has returned to its value today. Voya Global Equity's dividend yield last year was 9.84%, which has since decreased by 0.18%.
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.

To read more about Voya Global Equity click here.

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