American Airlines Group Dividends
The next dividend date for American Airlines Group has not yet been scheduled.
What is a Dividend Date
When we talk about a dividend date, we’re referring specifically to the ex-dividend date.
This is the date on which all stockholders will earn a dividend. Technically, a person needs to be the owner of a share of stock as of the night before the ex-dividend date in order to earn the dividend.
The ex-dividend date is different than the date when the dividend is issued. Although you earn a dividend on the ex-dividend date, that dividend is typically not disbursed to your account until several weeks later.
Most brokerages will automatically credit the dividend to your account once it’s issued.
Historical Dividends for American Airlines Group (AAL)
More About American Airlines Group
American Airlines Group Inc., through its subsidiaries, operates as a network air carrier in the United States, Latin America, Atlantic, and Pacific. The company provides scheduled air transportation services for passengers and cargo through its hubs in Charlotte, Chicago, Dallas/Fort Worth, Los Angeles, Miami, New York, Philadelphia, Phoenix, and Washington, D.C., as well as through partner gateways in London, Doha, Madrid, Seattle/Tacoma, Sydney, and Tokyo. It also operates a mainline fleet of 977 aircraft. The company was formerly known as AMR Corporation and changed its name to American Airlines Group Inc. in December 2013. American Airlines Group Inc. was founded in 1926 and is headquartered in Fort Worth, Texas.
Owning American Airlines Group Stock on the Dividend Date
If you own American Airlines Group stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of American Airlines Group stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of American Airlines Group stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying American Airlines Group stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the American Airlines Group dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning American Airlines Group Options on the Dividend Date
Unlike the stock price, which will normally have an abrupt decrease by the amount of the dividend on the ex-dividend date, option prices typically do not reflect the same phenomenon.
The reason is that in the time leading up to the ex-dividend date, that projected drop in American Airlines Group stock price from the dividend is already baked into American Airlines Group option prices.
That means the prices of call options that overlap the American Airlines Group ex-dividend date typically go down in the period leading up to the ex-dividend date.
The prices of put options that overlap the American Airlines Group ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of American Airlines Group call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of American Airlines Group put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More American Airlines Group Dividends
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