Credit Acceptance Corporation Dividends
The next dividend date for Credit Acceptance Corporation 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 Credit Acceptance Corporation (CACC)
More About Credit Acceptance Corporation
Credit Acceptance Corporation engages in the provision of financing programs, and related products and services in the United States. It advances money to automobile dealers in exchange for the right to service the underlying consumer loans; and buys the consumer loans from the dealers and keeps the amount collected from the consumers. The company is also involved in the business of reinsuring coverage under vehicle service contracts sold to consumers by dealers on vehicles financed by the company. It serves independent and franchised automobile dealers. The company was founded in 1972 and is headquartered in Southfield, Michigan.
Owning Credit Acceptance Corporation Stock on the Dividend Date
If you own Credit Acceptance Corporation stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Credit Acceptance Corporation stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Credit Acceptance Corporation stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Credit Acceptance Corporation stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Credit Acceptance Corporation dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Credit Acceptance Corporation Dividends
You can contact us any time if you would like to ask questions about Credit Acceptance Corporation dividends or anything else related to the stock market.