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Ex-Dividend Date Insight: BCB Bancorp

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Benzinga Insights
·2 min read
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On January 13, 2021, BCB Bancorp (NASDAQ:BCBP) declared a dividend payable on February 15, 2021 to its shareholders. BCB Bancorp also announced that shareholders on the company's books on or before February 3, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. BCB Bancorp, which has a current dividend per share of $0.14, has an ex-dividend date scheduled for February 2, 2021. That equates to a dividend yield of 4.57% at current price levels.

The Significance Of 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 BCB Bancorp's Dividend Payouts And Yields

Over the past year, BCB Bancorp has seen its dividend payouts remain the same and its yields climb upward overall. Last year on February 6, 2020 the company's payout sat at $0.14, which has returned to its value today. BCB Bancorp's dividend yield last year was 4.04%, which has since grown by 0.53%.
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 BCB Bancorp click here.

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