DRDGOLD Limited ADR Dividends
The next dividend date for DRDGOLD Limited ADR 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 DRDGOLD Limited ADR (DRD)
More About DRDGOLD Limited ADR
DRDGOLD Limited, a gold mining company, engages in the extraction of gold from the retreatment of surface mine tailings in South Africa. It sells gold and silver bullion. It is involved in provision care and maintenance services; produces renewable power; employee home loans; and operation of training center. The company was formerly known as Durban Roodepoort Deep Limited and changed its name to DRDGOLD Limited in 2004. The company was incorporated in 1895 and is headquartered in Johannesburg, South Africa. DRDGOLD Limited is a subsidiary of Sibanye Gold Limited.
Owning DRDGOLD Limited ADR Stock on the Dividend Date
If you own DRDGOLD Limited ADR stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of DRDGOLD Limited ADR stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of DRDGOLD Limited ADR stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying DRDGOLD Limited ADR stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the DRDGOLD Limited ADR dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More DRDGOLD Limited ADR Dividends
You can contact us any time if you would like to ask questions about DRDGOLD Limited ADR dividends or anything else related to the stock market.