U.S. Markets open in 15 mins
  • S&P Futures

    3,822.75
    -23.25 (-0.60%)
     
  • Dow Futures

    30,871.00
    -211.00 (-0.68%)
     
  • Nasdaq Futures

    13,329.75
    -65.75 (-0.49%)
     
  • Russell 2000 Futures

    2,115.70
    -22.80 (-1.07%)
     
  • Crude Oil

    51.62
    -1.51 (-2.84%)
     
  • Gold

    1,841.80
    -24.10 (-1.29%)
     
  • Silver

    25.27
    -0.58 (-2.24%)
     
  • EUR/USD

    1.2160
    -0.0013 (-0.1094%)
     
  • 10-Yr Bond

    1.0890
    -0.0200 (-1.80%)
     
  • Vix

    23.01
    +1.43 (+6.63%)
     
  • GBP/USD

    1.3649
    -0.0082 (-0.5951%)
     
  • USD/JPY

    103.8760
    +0.3710 (+0.3584%)
     
  • BTC-USD

    32,406.16
    +1,922.42 (+6.31%)
     
  • CMC Crypto 200

    642.93
    +32.94 (+5.40%)
     
  • FTSE 100

    6,674.73
    -40.69 (-0.61%)
     
  • Nikkei 225

    28,631.45
    -125.41 (-0.44%)
     

Understanding Pioneer High IT's Ex-Dividend Date

Benzinga Insights
·2 min read

On November 6, 2020, Pioneer High IT (NYSE: PHT) declared a dividend payable on November 30, 2020 to its shareholders. Pioneer High IT also announced that shareholders on the company's books on or before November 17, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Pioneer High IT, which has a current dividend per share of $0.07, has an ex-dividend date scheduled for November 16, 2020. That equates to a dividend yield of 10.83% at current price levels.

The Significance Of An Ex-Dividend Date

An ex-dividend date is when a company's shares stop trading with its current dividend payout in preparation for the company to announce a new one. 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 Pioneer High IT's Dividend Performance

Over the past year, Pioneer High IT has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on July 20, 2020 the company's payout was $0.07, which has returned to its value today. Pioneer High IT's dividend yield last year was 10.64%, which has since grown by 0.19%.
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 about Pioneer High IT click here.

See more from Benzinga

© 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.