On April 29, 2021, PBF Logistics (NYSE:PBFX) declared a dividend payable on May 27, 2021 to its shareholders. PBF Logistics also announced that shareholders on the company's books on or before May 13, 2021 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 PBF Logistics will be on May 12, 2021. The company's current dividend payout is at $0.3. That equates to a dividend yield of 8.19% at current price levels.
What Is An Ex-Dividend Date?
Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.
Understanding PBF Logistics's Dividend Payouts And Yields
Over the past year, PBF Logistics has experienced no change regarding its dividend payouts and a downward trend regarding its yields. Last year on May 26, 2020 the company's payout was $0.3, which has returned to its value today. PBF Logistics's dividend yield last year was 13.82%, which has since decreased by 5.63%.
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 news on PBF Logistics CLICK HERE.