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Ex-Dividend Date Insight: Campbell Soup

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Benzinga Insights
·2 min read
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Campbell Soup (NYSE:CPB) declared a dividend payable on February 1, 2021 to its shareholders as of December 9, 2020. It was also announced that shareholders of Campbell Soup's stock as of January 9, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 2 business day(s) before the record date. The ex-dividend date for Campbell Soup is set for January 7, 2021. The company's current dividend payout sits at $0.37, equating to a dividend yield of 3.07% at current price levels.

Understanding Ex-Dividend Dates'

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.

Campbell Soup's Dividend History

Over the past year, Campbell Soup has seen its dividend payouts and yields climb upward overall. Last year (January 7, 2020), the company's payout sat at $0.35, which has since increased by $0.02. Campbell Soup's dividend yield last year was 2.9%, which has since grown by 0.17%.
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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