Driven Brands Holdings Inc Dividends
The next dividend date for Driven Brands Holdings 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 Driven Brands Holdings Inc (DRVN)
More About Driven Brands Holdings Inc
Driven Brands Holdings Inc., together with its subsidiaries, provides automotive services to retail and commercial customers in the United States, Canada, and internationally. It offers various services, such as paint, collision, glass, repair, car wash, oil change, and maintenance services. The company also distributes automotive parts, including radiators, air conditioning components, and exhaust products to automotive repair shops, auto parts stores, body shops, and other auto repair outlets; windshields and glass accessories through a network of distribution centers; and consumable products, such as oil filters and wiper blades, as well as training services to repair and maintenance, and paint and collision shops. It sells its products and services under the CARSTAR, IMO, MAACO, Meineke Car Care Centers, PH Vitres D'Autos, Take 5 Oil Change, Take 5 Car Wash, Auto Glass Now, Fix Auto USA, and 1-800-Radiator & A/C, Spire Supply, and Automotive Training Institute brands. The company was founded in 1972 and is headquartered in Charlotte, North Carolina.
Owning Driven Brands Holdings Inc Stock on the Dividend Date
If you own Driven Brands Holdings Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Driven Brands Holdings 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 Driven Brands Holdings Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Driven Brands Holdings Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Driven Brands Holdings Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Driven Brands Holdings Inc Dividends
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