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Understanding ABM Indus's Ex-Dividend Date

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Benzinga Insights
·2 min read
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On December 16, 2020, ABM Indus (NYSE:ABM) announced shareholders can expect to receive a dividend payable on February 1, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for ABM Indus will be on January 6, 2021. The company's current dividend payout is at $0.19. That equates to a dividend yield of 1.85% at current price levels.

The Significance Of An Ex-Dividend Date

Ex-dividend dates signal when company shares cease to trade with their current dividend payouts. There is a small intermission period before companies announce new dividends. 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.

ABM Indus's Dividend Performance

Over the past year, ABM Indus has seen its dividend payouts climb upward and its yields trend downward. Last year on December 31, 2019 the company's payout sat at $0.18, which has since increased by $0.01. ABM Indus's dividend yield last year was 2.0%, which has since decreased by 0.15%.
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 ABM Indus click here.

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