Understanding Pacific Premier Bancorp's Ex-Dividend Date
On January 26, 2021, Pacific Premier Bancorp (NASDAQ:PPBI) declared a dividend payable on February 12, 2021 to its shareholders. Pacific Premier Bancorp also announced that shareholders on the company's books on or before February 5, 2021 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Pacific Premier Bancorp has an ex-dividend date set for for February 4, 2021. The company's current dividend payout is $0.3, which equates to a dividend yield of 3.39% 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. Typically, companies will announce and implement new dividend yields on a quarterly basis.
Understanding Pacific Premier Bancorp's Dividend History
Over the past year, Pacific Premier Bancorp has experienced an overall upward trend regarding its dividend payouts and yields. Last year on January 31, 2020 the company's payout was $0.25, which has since grown by $0.05. Similarly, Pacific Premier Bancorp's dividend yield in last year was 3.15%, which has since grown by 0.24%.
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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