Cango Inc Dividends
The next dividend date for Cango 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 Cango Inc (CANG)
More About Cango Inc
Cango Inc. operates an automotive transaction service platform that connects dealers, original equipment manufacturers, car buyers, and other industry participants in the People's Republic of China, British Virgin Islands, and internationally. The company offers automobile trading solutions comprising car sourcing and transaction facilitation services through Cango U-car app; AutoCango.com which provides Chinese used car information to overseas dealers; and automobile trading transaction service. It also provides automotive financing facilitation services that include facilitating financing transactions from financial institutions to car buyers, which comprises credit origination, credit assessment, credit servicing, and delinquent asset management services; and after-market services to car buyers, which includes facilitating the sale of insurance policies. In addition, the company engages in the crypto mining business. Cango Inc. was founded in 2010 and is headquartered in Wan Chai, Hong Kong.
Owning Cango Inc Stock on the Dividend Date
If you own Cango Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Cango 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 Cango Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Cango Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Cango Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Cango Inc Dividends
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