On October 23, 2020, Invitation Homes (NYSE: INVH) declared a dividend payable on November 25, 2020 to its shareholders. Invitation Homes also announced that shareholders on the company’s books on or before November 10, 2020 are entitled to the dividend. The stock will then go ex-dividend 1 business day(s) before the record date. Invitation Homes has an ex-dividend date set for for November 9, 2020. The company’s current dividend payout is $0.15, which equates to a dividend yield of 2.08% at current price levels.
The Significance Of 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