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Heico (NYSE:HEI) declared a dividend payable on January 21, 2021 to its shareholders as of December 21, 2020. It was also announced that shareholders of Heico’s stock as of January 7, 2021 are entitled to the dividend. The stock is expected to become ex-dividend 1 business day(s) before the record date. Heico has an ex-dividend date planned for January 6, 2021. The company’s current dividend payout sits at $0.08. That equates to a dividend yield of 0.12% at current price levels.What Is An Ex-Dividend Date? 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.Understanding Heico’s Dividend Payouts And Yields Over the past year, Heico has experienced an overall upward trend regarding its dividend payouts and a downward trend regarding its yields. Last year on January 2, 2019 the company’s payout was $0.07, which has since grown by $0.01. Heico’s dividend yield last year was 0.17%, which has since decreased by 0.05%. 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 Heico’s previous dividends.See more from Benzinga * Click here for options trades from Benzinga * Heico: Q4 Earnings Insights(C) 2021 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.

HEI earnings call for the period ending October 31, 2020.

HEICO’s (HEI) year-over-year downturn in earnings during fourth-quarter fiscal 2020 can be attributed to significant declines in quarterly sales and operating income.

Shares of Heico (NYSE:HEI) fell 0.17% in after-market trading after the company reported Q4 results.Quarterly Results Earnings per share decreased 27.42% over the past year to $0.45, which beat the estimate of $0.41.Revenue of $426,178,000 declined by 21.30% from the same period last year, which beat the estimate of $414,780,000.Outlook Heico hasn’t issued any earnings guidance for the time being.View more earnings on HEIRevenue guidance hasn’t been issued by the company for now.Technicals 52-week high: $137.9752-week low: $52.01Price action over last quarter: Up 24.04%Company Profile Heico is an aerospace and defense supplier that primarily focuses on creating niche replacement parts for commercial aircraft and components for defense products. In commercial aerospace, Heico is the largest independent producer of replacement parts for aircraft, primarily within the engine. In the defense market, the company produces niche subcomponents used in targeting technology as well as simulation equipment, among other things. The company is highly acquisitive, focusing on companies that are generating strong cash flow with the potential for sustainable growth.See more from Benzinga * Click here for options trades from Benzinga * Price Over Earnings Overview: Heico * Earnings Scheduled For December 21, 2020(C) 2020 Benzinga.com. Benzinga does not provide investment advice. All rights reserved.