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Ex-Dividend Date Insight: Pinnacle Finl Partners

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Benzinga Insights
·2 min read
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Pinnacle Finl Partners (NASDAQ: PNFP) declared a dividend payable on November 27, 2020 to its shareholders as of October 20, 2020. It was also announced that shareholders of Pinnacle Finl Partners's stock as of November 6, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Pinnacle Finl Partners, whose current dividend payout is $0.16, has an ex-dividend date set at November 5, 2020. The payout equates to a dividend yield of 1.62% 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. Most ex-dividend dates operate on a quarterly basis.

Pinnacle Finl Partners's Dividend Performance

Over the past year, Pinnacle Finl Partners has seen its dividend payouts remain the same and its yields climb upward overall. Last year on October 31, 2019 the company's payout sat at $0.16, which has returned to its value today. Pinnacle Finl Partners's dividend yield last year was 1.14%, which has since grown by 0.48%.
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.

Click here to find details on Pinnacle Finl Partners's previous dividends.

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