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On September 23, 2020, Woodward (NASDAQ: WWD) declared a dividend payable on November 30, 2020 to its shareholders. Woodward also announced that shareholders on the company's books on or before November 16, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Woodward is set for November 13, 2020. The company's current dividend payout sits at $0.08, equating to a dividend yield of 0.42% at current price levels.
Understanding Ex-Dividend Dates'
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.
Woodward's Dividend Performance
Over the past year, Woodward has experienced an overall downward trend regarding its dividend payouts and yields. Last year on November 15, 2019 the company's payout was $0.16, which has since decreased by $0.08. Similarly, Woodward's dividend yield last year was 1.0%, which has since declined by 0.58%.
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 Woodward's previous dividends.
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