Top Ranked Momentum Stocks to Buy for March 25th
German American Bancorp (GABC) has seen solid earnings estimate revision activity over the past month, and belongs to a strong industry as well.
On January 25, 2021, German American (NASDAQ:GABC) announced shareholders can expect to receive a dividend payable on February 20, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. German American, whose current dividend payout is $0.21, has an ex-dividend date set at February 9, 2021. The payout equates to a dividend yield of 2.44% at current price levels. The Significance Of An Ex-Dividend Date 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. German American's Dividend Performance Over the past year, German American has experienced an overall upward trend regarding its dividend payouts and yields. Last year on February 7, 2020 the company's payout was $0.19, which has since grown by $0.02. Similarly, German American's dividend yield in last year was 2.17%, which has since grown by 0.27%. 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 German American's previous dividends. See more from BenzingaClick here for options trades from BenzingaJones Lang LaSalle's Earnings OutlookUnderstanding COHEN & STEERS QUALITY's Ex-Dividend Date© 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.