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Ex-Dividend Date Insight: Bryn Mawr Bank

Author: Benzinga Insights | July 29, 2021 10:46am

On July 22, 2021, Bryn Mawr Bank (NASDAQ:BMTC) announced shareholders can expect to receive a dividend payable on September 1, 2021. The stock will then go ex-dividend 1 business day(s) before the record date. Bryn Mawr Bank, which has a current dividend per share of $0.28, has an ex-dividend date scheduled for July 30, 2021. That equates to a dividend yield of 2.79% at current price levels.

What Is An Ex-Dividend Date?

Ex-dividend dates are when company shares stop trading with their current dividend payouts in preparation for those companies to announce new ones. 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.

Understanding Bryn Mawr Bank's Dividend Payouts And Yields

Over the past year, Bryn Mawr Bank has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on July 31, 2020 the company's payout was $0.27, which has since grown by $0.01. Bryn Mawr Bank's dividend yield last year was 4.11%, which has since decreased by 1.32%.
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.

Click here to find details on Bryn Mawr Bank's previous dividends.

Posted In: BMTC