- Oops!Something went wrong.Please try again later.
On October 27, 2020, Juniper Networks (NYSE:JNPR) declared a dividend payable on December 22, 2020, to its shareholders. Juniper Networks also announced that shareholders on the company's books on or before December 1, 2020, are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Juniper Networks will be on November 30, 2020. The company's current dividend payout is at $0.2. That equates to a dividend yield of 3.65% at current price levels.
What Are 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.
Juniper Networks's Dividend History
Over the past year, Juniper Networks has experienced an overall upward trend regarding its dividend payouts and yields. Last year on November 29, 2019, the company's payout was $0.19, which has since grown by $0.01. Similarly, Juniper Networks's dividend yield in last year was 3.1%, which has since grown by 0.55%.
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 Juniper Networks click here.
See more from Benzinga
© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.