Canopy Growth Corp Dividends
The next dividend date for Canopy Growth Corp 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 Canopy Growth Corp (CGC)
More About Canopy Growth Corp
Canopy Growth Corporation, together with its subsidiaries, engages in the production, distribution, and sale of cannabis, hemp, and cannabis-related products in Canada, Germany, and Australia. It operates through four segments: Canada Cannabis, International Markets Cannabis, and Storz & Bickel, and This Works. The company offers dried flower and pre-rolled joints; extracts and concentrates, such as softgel capsules; cannabis edibles, including gummies; cannabis vapes; and oils, beverages, concentrates. It sells its products under the Tweed, 7ACRES, Deep Space, HiWay, Maitri, Twd., Spectrum Therapeutics, Canopy Medical, Storz & Bickel, Wana, and Claybourne brands, as well as DOJA, LivRelief, Ace Valley, and Vert brands. The company was formerly known as Tweed Marijuana Inc. and changed its name to Canopy Growth Corporation in September 2015. Canopy Growth Corporation is headquartered in Smiths Falls, Canada.
Owning Canopy Growth Corp Stock on the Dividend Date
If you own Canopy Growth Corp stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Canopy Growth Corp stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Canopy Growth Corp stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Canopy Growth Corp stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Canopy Growth Corp dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Canopy Growth Corp 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 Canopy Growth Corp stock price from the dividend is already baked into Canopy Growth Corp option prices.
That means the prices of call options that overlap the Canopy Growth Corp ex-dividend date typically go down in the period leading up to the ex-dividend date.
The prices of put options that overlap the Canopy Growth Corp ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Canopy Growth Corp call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Canopy Growth Corp put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Canopy Growth Corp Dividends
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