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Ex-Dividend Date Insight: GasLog

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Benzinga Insights
·1 min read
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On February 21, 2021, GasLog (NYSE:GLOG) announced shareholders can expect to receive a dividend payable on March 11, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. GasLog, whose current dividend payout is $0.05, has an ex-dividend date set at March 3, 2021. The payout equates to a dividend yield of 4.04% at current price levels.

The Significance Of 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.

GasLog's Dividend Payouts And Yields

Over the past year, GasLog has seen its dividend payouts and yields descend downward overall. Last year on February 28, 2020 the company's payout sat at $0.15, which has since decreased by $0.1. GasLog's dividend yield last year was 9.26%, which has since declined by 5.22%.
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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