Flowers Foods (NYSE:FLO) declared a dividend payable on September 17, 2021 to its shareholders as of August 20, 2021. It was also announced that shareholders of Flowers Foods's stock as of September 3, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Flowers Foods has an ex-dividend date set for for September 2, 2021. The company's current dividend payout is $0.21, which equates to a dividend yield of 3.4% at current price levels.
What Are 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. Most ex-dividend dates operate on a quarterly basis.
Flowers Foods's Dividend Payouts And Yields
Over the past year, Flowers Foods has experienced an overall upward trend regarding its dividend payouts and yields. Last year on August 27, 2020 the company's payout was $0.2, which has since grown by $0.01. Similarly, Flowers Foods's dividend yield in last year was 3.27%, which has since grown by 0.13%.
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.
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