On October 22, 2020, Citrix Systems (NASDAQ:CTXS) announced shareholders can expect to receive a dividend payable on December 22, 2020. The stock will then go ex-dividend 1 business day(s) before the record date. The ex-dividend date for Citrix Systems is set for December 7, 2020. The company’s current dividend payout sits at $0.35, equating to a dividend yield of 1.03% at current price levels.The Significance Of An Ex-Dividend Date An ex-dividend date signals when a company’s shares cease to trade with its current dividend payout. There is a small intermission period before the company announces a new dividend. 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…



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