Understanding CSG Systems International's Ex-Dividend Date
On November 16, 2020, CSG Systems International (NASDAQ:CSGS) declared a dividend payable on December 18, 2020 to its shareholders. CSG Systems International also announced that shareholders on the company's books on or before December 3, 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 CSG Systems International is set for December 2, 2020. The company's current dividend payout sits at $0.23, equating to a dividend yield of 2.19% at current price levels.
The Significance Of Ex-Dividend Dates
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.
Understanding CSG Systems International's Dividend Performance
Over the past year, CSG Systems International has experienced an overall upward trend regarding its dividend payouts and yields. Last year on December 2, 2019 the company's payout was $0.22, which has since grown by $0.01. Similarly, CSG Systems International's dividend yield in last year was 1.58%, which has since grown by 0.61%.
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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