Here are 5 stocks added to the Zacks Rank 5 (Strong Sell) List today.
On October 28, 2020, Alexander's (NYSE: ALX) declared a dividend payable on November 20, 2020 to its shareholders. Alexander's also announced that shareholders on the company's books on or before November 9, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Alexander's, which has a current dividend payout of $4.5, has an ex-dividend date scheduled for November 6, 2020. That equates to a dividend yield of 7.43% 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.Alexander's's Dividend Performance Over the past year, Alexander's has experienced no change regarding its dividend payouts and an overall upward trend regarding its yields. Last year on November 1, 2019 the company's payout was $4.5, which has returned to its value today. Alexander's's dividend yield last year was 5.12%, which has since grown by 2.31%. 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 Alexander's click here.See more from Benzinga * Click here for options trades from Benzinga * Ex-Dividend Date Insight: Rush Enterprises * Earnings Outlook For DXP Enterprises(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
Alexander's (ALX) delivered FFO and revenue surprises of -24.81% and -11.41%, respectively, for the quarter ended September 2020. Do the numbers hold clues to what lies ahead for the stock?