|Bid||89.69 x 1000|
|Ask||89.71 x 1400|
|Day's Range||87.78 - 90.07|
|52 Week Range||44.68 - 90.09|
|Beta (5Y Monthly)||0.81|
|PE Ratio (TTM)||39.86|
|Earnings Date||Jan 27, 2021 - Feb 01, 2021|
|Forward Dividend & Yield||0.88 (1.00%)|
|Ex-Dividend Date||Nov 23, 2020|
|1y Target Est||89.75|
On November 12, 2020, Dolby Laboratories (NYSE: DLB) announced shareholders can expect to receive a dividend payable on December 4, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Dolby Laboratories will be on November 23, 2020. The company's current dividend payout is at $0.22. That equates to a dividend yield of 1.05% 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.Dolby Laboratories's Dividend Performance Over the past year, Dolby Laboratories has seen its dividend payouts remain the same and its yields trend downward. Last year on November 25, 2019 the company's payout sat at $0.22, which has returned to its value today. Dolby Laboratories's dividend yield last year was 1.34%, which has since decreased by 0.29%. 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 Dolby Laboratories's previous dividends.See more from Benzinga * Click here for options trades from Benzinga * Stocks That Hit 52-Week Highs On Tuesday * Recap: Dolby Laboratories Q4 Earnings(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.
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