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On December 17, 2020, Guaranty Bancshares (NASDAQ:GNTY) announced shareholders can expect to receive a dividend payable on January 13, 2021. The stock will then go ex-dividend 2 business day(s) before the record date. The ex-dividend date for Guaranty Bancshares is set for December 24, 2020. The company's current dividend payout sits at $0.2, equating to a dividend yield of 2.57% at current price levels.
What Is An Ex-Dividend Date?
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. Most ex-dividend dates operate on a quarterly basis.
Guaranty Bancshares's Dividend Performance
Over the past year, Guaranty Bancshares has experienced an overall upward trend regarding its dividend payouts and yields. Last year on December 24, 2019 the company's payout was $0.18, which has since grown by $0.02. Similarly, Guaranty Bancshares's dividend yield in last year was 2.2%, which has since grown by 0.37%.
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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