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Littelfuse (NASDAQ: LFUS) declared a dividend payable on December 3, 2020 to its shareholders as of October 28, 2020. It was also announced that shareholders of Littelfuse's stock as of November 19, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Littelfuse has an ex-dividend date planned for November 18, 2020. The company's current dividend payout sits at $0.48. That equates to a dividend yield of 0.98% at current price levels.
The Significance Of Ex-Dividend Dates
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.
Littelfuse's Dividend Performance
Over the past year, Littelfuse has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on November 20, 2019 the company's payout was $0.48, which has returned to its value today. Littelfuse's dividend yield last year was 1.02%, which has since decreased by 0.04%.
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 Littelfuse's previous dividends.
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