Benzinga | Feb 11, 2021 10:17AM EST

Understanding UMH Properties's Ex-Dividend Date

On January 13, 2021, UMH Properties (NYSE:UMH) announced shareholders can expect to receive a dividend payable on March 15, 2021. The stock will then go ex-dividend 2 business day(s) before the record date. UMH Properties has an ex-dividend date set for for February 12, 2021. The company's current dividend payout is $0.19, which equates to a dividend yield of 5.15% at current price levels.

What Are Ex-Dividend Dates?

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. Most ex-dividend dates operate on a quarterly basis.

Understanding UMH Properties's Dividend Performance

Over the past year, UMH Properties has seen its dividend payouts and yields climb upward overall. Last year (February 14, 2020), the company's payout sat at $0.18, which has since increased by $0.01. UMH Properties's dividend yield last year was 4.49%, which has since grown by 0.66%.

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 about UMH Properties click here.