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Ex-Dividend Date Insight: CrossAmerica Partners

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Benzinga Insights
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On January 21, 2021, CrossAmerica Partners (NYSE:CAPL) declared a dividend payable on February 9, 2021 to its shareholders. CrossAmerica Partners also announced that shareholders on the company's books on or before February 2, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. CrossAmerica Partners, whose current dividend payout is $0.53, has an ex-dividend date set at February 1, 2021. The payout equates to a dividend yield of 11.99% at current price levels.

Understanding Ex-Dividend Dates'

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. Most ex-dividend dates operate on a quarterly basis.

Understanding CrossAmerica Partners's Dividend Payouts And Yields

Over the past year, CrossAmerica Partners has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on January 31, 2020 the company's payout was $0.53, which has returned to its value today. CrossAmerica Partners's dividend yield last year was 11.14%, which has since grown by 0.85%.
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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