Benzinga | Oct 30, 2020 11:17AM EDT

Understanding Landmark Infrastructure's Ex-Dividend Date

Landmark Infrastructure (NASDAQ: LMRK) declared a dividend payable on November 13, 2020 to its shareholders as of October 23, 2020. It was also announced that shareholders of Landmark Infrastructure's stock as of November 3, 2020 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Landmark Infrastructure has an ex-dividend date set for for November 2, 2020. The company's current dividend payout is $0.2, which equates to a dividend yield of 7.6% 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. Most ex-dividend dates operate on a quarterly basis.

Landmark Infrastructure's Dividend Payouts And Yields

Over the past year, Landmark Infrastructure has seen its dividend payouts and yields descend downward overall. Last year on November 1, 2019 the company's payout sat at $0.37, which has since decreased by $0.17. Landmark Infrastructure's dividend yield last year was 8.24%, which has since declined by 0.64%.

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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