Advance Auto Parts Inc Dividends
The next dividend date for Advance Auto Parts Inc 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 Advance Auto Parts Inc (AAP)
More About Advance Auto Parts Inc
Advance Auto Parts, Inc. engages in the provision of automotive aftermarket parts in the United States and internationally. The company offers batteries and battery accessories; belts and hoses; brakes and brake pads; chassis parts; climate control parts; clutches and drive shafts; engines and engine parts; exhaust systems and parts; hub assemblies; ignition components and wire; radiators and cooling parts; starters and alternators; and steering and alignment parts. It also provides air conditioning chemicals and accessories; air fresheners; antifreeze and washer fluid; electrical wire and fuses; electronics; floor mats, seat covers and interior accessories; hand and specialty tools; lighting; performance parts; sealants, adhesives and compounds; tire repair accessories; vent shades, mirrors and exterior accessories; washes, waxes and cleaning supplies; and wiper blades. In addition, the company offers air filters; fuel and oil additives; fuel filters; grease and lubricants; motor oil; oil filters; part cleaners and treatments; and transmission fluid. Further, it provides battery and wiper installation; engine light scanning and checking; electrical system testing, including batteries, starters, and alternators; oil and battery recycling; and loaner tool program services. The company serves professional installers and do-it-yourself customers. It operates stores under the Advance Auto Parts and Carquest names. The company has stores in the United States, Puerto Rico, the U.S. Virgin Islands, and Canada; and independently owned Carquest branded stores in Mexico and the Caribbean Islands. Advance Auto Parts, Inc. was founded in 1929 and is based in Raleigh, North Carolina.
Owning Advance Auto Parts Inc Stock on the Dividend Date
If you own Advance Auto Parts Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Advance Auto Parts Inc stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Advance Auto Parts Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Advance Auto Parts Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Advance Auto Parts Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Advance Auto Parts Inc 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 Advance Auto Parts Inc stock price from the dividend is already baked into Advance Auto Parts Inc option prices.
That means the prices of call options that overlap the Advance Auto Parts Inc ex-dividend date typically go down in the period leading up to the ex-dividend date.
The prices of put options that overlap the Advance Auto Parts Inc ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Advance Auto Parts Inc call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Advance Auto Parts Inc put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Advance Auto Parts Inc Dividends
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