Benzinga | Dec 8, 2020 10:16AM EST

Understanding CNO Finl Gr's Ex-Dividend Date

On November 12, 2020, CNO Finl Gr (NYSE:CNO) announced shareholders can expect to receive a dividend payable on December 24, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. CNO Finl Gr, which has a current dividend per share of $0.12, has an ex-dividend date scheduled for December 9, 2020. That equates to a dividend yield of 2.35% at current price levels.

What Are Ex-Dividend Dates?

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.

CNO Finl Gr's Dividend History

Over the past year, CNO Finl Gr has seen its dividend payouts climb upward and its yields trend downward. Last year on December 9, 2019 the company's payout sat at $0.11, which has since increased by $0.01. CNO Finl Gr's dividend yield last year was 2.49%, which has since decreased by 0.14%.

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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