Benzinga | Nov 30, 2020 10:14AM EST

Ex-Dividend Date Insight: ICL Group

On November 12, 2020, ICL Group (NYSE:ICL) declared a dividend payable on December 16, 2020 to its shareholders. ICL Group also announced that shareholders on the company's books on or before December 2, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. ICL Group has an ex-dividend date set for for December 1, 2020. The company's current dividend payout is $0.02, which equates to a dividend yield of 2.38% at current price levels.

Understanding 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.

ICL Group's Dividend Performance

Over the past year, ICL Group has seen its dividend payouts and yields descend downward overall. Last year on December 3, 2019 the company's payout sat at $0.05, which has since decreased by $0.03. ICL Group's dividend yield last year was 4.31%, which has since declined by 1.93%.

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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