IT Tech Packaging Inc Dividends
The next dividend date for IT Tech Packaging 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 IT Tech Packaging Inc (ITP)
More About IT Tech Packaging Inc
IT Tech Packaging, Inc., together with its subsidiaries, produces and distributes paper products in the People's Republic of China. It operates in three segments: Dongfang Paper, Tengsheng Paper, and Baoding Shengde. The company offers corrugating medium papers to companies making corrugating cardboard; and offset printing papers to printing companies. It also provides tissue paper products, including toilet paper, boxed and soft-packed tissues, handkerchief tissues, and paper napkins, as well as bathroom and kitchen paper towels under the Dongfang Paper brand. In addition, the company produces and sells digital photo paper, non-medical single-use face masks, and medical face masks. The company was formerly known as Orient Paper, Inc. and changed its name to IT Tech Packaging, Inc. in August 2018. IT Tech Packaging, Inc. is headquartered in Baoding, the People's' Republic of China.
Owning IT Tech Packaging Inc Stock on the Dividend Date
If you own IT Tech Packaging Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of IT Tech Packaging 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 IT Tech Packaging Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying IT Tech Packaging Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the IT Tech Packaging Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More IT Tech Packaging Inc Dividends
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