Enerpac Tool Group Corp Dividends
The next dividend date for Enerpac Tool Group 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 Enerpac Tool Group Corp (EPAC)
More About Enerpac Tool Group Corp
Enerpac Tool Group Corp. manufactures and sells a range of industrial products and solutions in the United States, the United Kingdom, Germany, Australia, Canada, China, Saudi Arabia, Brazil, France, the Netherlands, and internationally. The company designs, manufactures, and distributes branded hydraulic and mechanical tools; and provides services and tool rentals to the infrastructure, industrial maintenance, repair and operations, oil and gas, mining, alternative and renewable energy, civil construction, and other markets. It also offers branded tools, cylinders, pumps, hydraulic torque wrenches, highly engineered heavy lifting technology solutions, and other tools; and maintenance and manpower services; high-force hydraulic and mechanical tools, including cylinders, pumps, valves, bolt tensioners, specialty tools and other miscellaneous products. The company markets its branded tools and services primarily under the ENERPAC, HYDRATIGHT, LARZEP, DTA the Smart Move, and SIMPLEX brands. The company was formerly known as Actuant Corporation and changed its name to Enerpac Tool Group Corp. in January 2020. Enerpac Tool Group Corp. was incorporated in 1910 and is headquartered in Milwaukee, Wisconsin.
Owning Enerpac Tool Group Corp Stock on the Dividend Date
If you own Enerpac Tool Group Corp stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Enerpac Tool Group 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 Enerpac Tool Group Corp stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Enerpac Tool Group Corp stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Enerpac Tool Group Corp dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Enerpac Tool Group Corp Dividends
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