Great Lakes Dredge & Dock Dividends
The next dividend date for Great Lakes Dredge & Dock 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 Great Lakes Dredge & Dock (GLDD)
More About Great Lakes Dredge & Dock
Great Lakes Dredge & Dock Corporation provides dredging services in the United States. The company offers capital dredging that consists of port expansion projects; coastal restoration and land reclamations; trench digging for pipelines, tunnels, and cables; and other dredging related to the construction of breakwaters, jetties, canals, and other marine structures. It is also involved in coastal protection projects comprising moving sand from the ocean floor to shoreline locations where erosion threatens shoreline assets; maintenance dredging, which consists of the re-dredging of previously deepened waterways and harbors to remove silt, sand, and other accumulated sediments; lake and river dredging, inland levee and construction dredging, environmental restoration and habitat improvement, and other marine construction projects; and foreign capital projects, such as channel deepening and port infrastructure development. In addition, the company operates hydraulic dredges, hopper dredges, mechanical dredges, unloaders, drill boats, and material and other barges equipment. It serves federal, state, and local governments; foreign governments; and domestic and foreign private concerns comprising utilities, oil and gas, and other energy companies. The company was formerly known as Lydon & Drews Partnership and changed its name to Great Lakes Dredge & Dock Corporation in 1905. Great Lakes Dredge & Dock Corporation was founded in 1890 and is headquartered in Houston, Texas.
Owning Great Lakes Dredge & Dock Stock on the Dividend Date
If you own Great Lakes Dredge & Dock stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Great Lakes Dredge & Dock stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Great Lakes Dredge & Dock stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Great Lakes Dredge & Dock stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Great Lakes Dredge & Dock dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Great Lakes Dredge & Dock Dividends
You can contact us any time if you would like to ask questions about Great Lakes Dredge & Dock dividends or anything else related to the stock market.