Centene Corp Dividends
The next dividend date for Centene 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 Centene Corp (CNC)
More About Centene Corp
Centene Corporation operates as a healthcare enterprise that provides programs and services to under-insured and uninsured families, and commercial organizations in the United States. The company operates through four segments: Medicaid, Medicare, Commercial, and Other. The Medicaid segment offers the temporary assistance for needy families; medicaid expansion; aged, blind, or disabled; and children's health insurance programs, as well as long-term services and supports; foster care; and medicare-medicaid plans. This segment also provides healthcare products and services. The Medicare segment offers special needs and medicare supplement, and prescription drug plans. The Commercial segment provides health insurance marketplace product for individual, small, and large group commercials. The Other segment operates clinical healthcare and pharmacies, as well as offers vision and dental, behavioral health, federal, and corporate management services. It provides services through primary and specialty care physicians, hospitals, behavioral health practitioners, and ancillary providers. The company was founded in 1984 and is headquartered in Saint Louis, Missouri.
Owning Centene Corp Stock on the Dividend Date
If you own Centene Corp stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Centene 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 Centene Corp stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Centene Corp stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Centene Corp dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Centene 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 Centene Corp stock price from the dividend is already baked into Centene Corp option prices.
That means the prices of call options that overlap the Centene 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 Centene Corp ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Centene Corp call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Centene Corp put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Centene Corp Dividends
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