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Understanding EnPro Industries's Ex-Dividend Date

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Benzinga Insights
·2 min read
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EnPro Industries (NYSE:NPO) declared a dividend payable on December 16, 2020 to its shareholders as of October 28, 2020. It was also announced that shareholders of EnPro Industries's stock as of December 2, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. EnPro Industries, which has a current dividend per share of $0.26, has an ex-dividend date scheduled for December 1, 2020. That equates to a dividend yield of 1.75% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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.

EnPro Industries's Dividend Performance

Over the past year, EnPro Industries has seen its dividend payouts and yields climb upward overall. Last year (December 3, 2019), the company's payout sat at $0.25, which has since increased by $0.01. EnPro Industries's dividend yield last year was 1.4%, which has since grown by 0.35%.
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 EnPro Industries click here.

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