Silicon Motion Technological innovation Company (NASDAQ:SIMO) – Analyzing Silicon Motion Technology’s Ex-Dividend Day

On Oct 26, 2020, Silicon Movement Technological know-how (NASDAQ: SIMO) declared a dividend payable on November 25, 2020 to its shareholders. Silicon Motion Know-how also announced that shareholders on the company’s textbooks on or prior to November 12, 2020 are entitled to the dividend. The stock will then go ex-dividend 2 business working day(s) ahead of the report date. The ex-dividend day for Silicon Movement Technological innovation will be on November 10, 2020. The firm’s present dividend payout is at $.35. That equates to a dividend generate of 3.54% at present-day price stages.

What Is An Ex-Dividend Date?

An ex-dividend day is when a company’s shares cease trading with its present dividend payout in planning for the firm to announce a new a person. Usually, a company’s ex-dividend day falls one particular enterprise working day ahead of its file day. Investors must retain this in brain when obtaining shares for the reason that buying them on or after ex-dividend dates does not qualify them to get the declared payment. Newly declared dividends go to shareholders who have owned that stock ahead of the ex-dividend day. Commonly, firms will announce and implement new dividend yields on a quarterly foundation.

Silicon Movement Technology’s Dividend Payouts And Yields

Over the past year, Silicon Movement Technology has knowledgeable no alter about its dividend payouts and an in general upward trend pertaining to its yields. Last calendar year on Might 6, 2020 the company’s payout was $.35, which has returned to its value now. Silicon Movement Technology’s dividend generate last calendar year was 3.48%, which has given that developed by .06%.
Providers use dividend yields in various strategic techniques. Some organizations might choose to not give yields completely to reinvest in themselves. Other corporations may decide to enhance or minimize their generate quantities to manage how their shares circulate through the stock market place.

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