Analyzing Highland Global's Ex-Dividend Date

Author: Benzinga Insights | January 22, 2021 10:32am

Highland Global (NYSE:HGLB) declared a dividend payable on February 26, 2021 to its shareholders as of January 12, 2021. It was also announced that shareholders of Highland Global's stock as of February 19, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Highland Global, which has a current dividend per share of $0.07, has an ex-dividend date scheduled for February 18, 2021. That equates to a dividend yield of 12.97% at current price levels.

Understanding Ex-Dividend Dates'

An ex-dividend date signals when a company's shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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.

Highland Global's Dividend Payouts And Yields

Over the past year, Highland Global has seen its dividend payouts descend downward and yields trend upward. Last year on November 20, 2020 the company's payout sat at $0.08, which has since decreased by $0.01. Highland Global's dividend yield last year was 10.69%, which has since grown by 2.28%.
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 Highland Global's previous dividends.

Posted In: HGLB