American Axle & Manufacturing Dividends
The next dividend date for American Axle & Manufacturing 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 Axle & Manufacturing (AXL)
More About American Axle & Manufacturing
American Axle & Manufacturing Holdings, Inc., together with its subsidiaries, designs, engineers, and manufactures driveline and metal forming technologies that supports electric, hybrid, and internal combustion vehicles. It operates through two segments, Driveline and Metal Forming segments. The Driveline segment offers front and rear axles, driveshafts, differential assemblies, clutch modules, balance shaft systems, disconnecting driveline technology, and electric and hybrid driveline products and systems for light trucks, sport utility vehicles, crossover vehicles, passenger cars, and commercial vehicles. The Metal Forming segment provides range of products, such as engine, transmission, driveline, and safety-critical components for traditional internal combustion engine and electric vehicle architectures, including light vehicles, commercial vehicles, and off-highway vehicles, as well as products for industrial markets. It operates in North America, Asia, Europe, and South America. The company was founded in 1994 and is headquartered in Detroit, Michigan.
Owning American Axle & Manufacturing Stock on the Dividend Date
If you own American Axle & Manufacturing stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of American Axle & Manufacturing 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 Axle & Manufacturing stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying American Axle & Manufacturing stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the American Axle & Manufacturing dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More American Axle & Manufacturing Dividends
You can contact us any time if you would like to ask questions about American Axle & Manufacturing dividends or anything else related to the stock market.