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On October 28, 2020, James River Gr Hldgs (NASDAQ:JRVR) declared a dividend payable on December 31, 2020 to its shareholders. James River Gr Hldgs also announced that shareholders on the company's books on or before December 14, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. James River Gr Hldgs, whose current dividend payout is $0.3, has an ex-dividend date set at December 11, 2020. The payout equates to a dividend yield of 2.28% 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.
Understanding James River Gr Hldgs's Dividend Performance
Over the past year, James River Gr Hldgs has seen its dividend payouts remain the same and its yields trend downward. Last year on December 13, 2019 the company's payout sat at $0.3, which has returned to its value today. James River Gr Hldgs's dividend yield last year was 3.39%, which has since decreased by 1.11%.
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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