- Oops!Something went wrong.Please try again later.
On October 27, 2020, BGC Partners (NASDAQ: BGCP) declared a dividend payable on December 1, 2020 to its shareholders. BGC Partners also announced that shareholders on the company's books on or before November 17, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. BGC Partners has an ex-dividend date set for for November 16, 2020. The company's current dividend payout is $0.01, which equates to a dividend yield of 1.57% 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 BGC Partners's Dividend Payouts And Yields
Over the past year, BGC Partners has seen its dividend payouts and yields descend downward overall. Last year on November 12, 2019 the company's payout sat at $0.14, which has since decreased by $0.13. BGC Partners's dividend yield last year was 9.77%, which has since declined by 8.2%.
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 news on BGC Partners click here.
See more from Benzinga
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.