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On November 12, 2020, Ethan Allen Interiors (NYSE:ETH) announced shareholders can expect to receive a dividend payable on January 21, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Ethan Allen Interiors has an ex-dividend date set for for January 6, 2021. The company's current dividend payout is $0.25, which equates to a dividend yield of 5.84% at current price levels.
What Is An Ex-Dividend Date?
Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.
Understanding Ethan Allen Interiors's Dividend Payouts And Yields
Over the past year, Ethan Allen Interiors has experienced an overall upward trend regarding its dividend payouts and yields. Last year on October 9, 2019 the company's payout was $0.21, which has since grown by $0.04. Similarly, Ethan Allen Interiors's dividend yield in last year was 4.0%, which has since grown by 1.84%.
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 Ethan Allen Interiors's previous dividends.
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