Gates Industrial Corporation plc Dividends
The next dividend date for Gates Industrial Corporation plc 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 Gates Industrial Corporation plc (GTES)
More About Gates Industrial Corporation plc
Gates Industrial Corporation plc manufactures and sells engineered power transmission and fluid power solutions worldwide. It operates in two segments, Power Transmission and Fluid Power. The company offers synchronous or asynchronous belts, including V-belts, CVT belts, and Micro-V belts, as well as related components, such as sprockets, pulleys, water pumps, tensioners, and other accessories; solutions for stationary and mobile drives, engine systems, and personal mobility application platforms; metal drive components; and kits for automotive replacement channels. It also provides fluid power solutions comprising stationary hydraulics, mobile hydraulics, vehicle systems, and other industrial application platforms; and hydraulics, including hoses, tubing, coupling, and fittings, as well as assemblies. The company's products are used in applications across various markets, including industrial off-highway, such as construction and agriculture; industrial on-highway commercial vehicles comprising heavy-duty trucks and buses, energy and resources, automotive, and personal mobility; and various industrial applications, such as automated manufacturing and logistics systems. It sells its products under the Gates brand. It offers its products to replacement channel customers, as well as to original equipment manufacturers. The company was founded in 1911 and is headquartered in Denver, Colorado.
Owning Gates Industrial Corporation plc Stock on the Dividend Date
If you own Gates Industrial Corporation plc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Gates Industrial Corporation plc stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Gates Industrial Corporation plc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Gates Industrial Corporation plc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Gates Industrial Corporation plc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Gates Industrial Corporation plc Dividends
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