Luminar Technologies Dividends
The next dividend date for Luminar Technologies 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 Luminar Technologies (LAZR)
More About Luminar Technologies
Luminar Technologies, Inc., an automotive technology company, provides sensor technologies and software for passenger cars and commercial trucks in North America, the Asia Pacific, Europe, and the Middle East. It operates in two segments, Autonomy Solutions and Advanced Technologies and Services. The Autonomy Solutions segment designs, manufactures, and sells laser imaging, detection, and ranging sensors or lidars, as well as related perception and autonomy software solutions primarily for original equipment manufacturers in the automobile, commercial vehicle, robo-taxi, and adjacent industries. The Advanced Technologies and Services segment develops application-specific integrated circuits, pixel-based sensors, and advanced lasers. This segment also designs, tests, and provides consulting services for non-standard integrated circuits for use in automobile and aeronautics sector, as well as government spending in military and defense activities. The company was founded in 2012 and is headquartered in Orlando, Florida.
Owning Luminar Technologies Stock on the Dividend Date
If you own Luminar Technologies stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Luminar Technologies stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Luminar Technologies stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Luminar Technologies stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Luminar Technologies dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Luminar Technologies Options on the Dividend Date
Unlike the stock price, which will normally have an abrupt decrease by the amount of the dividend on the ex-dividend date, option prices typically do not reflect the same phenomenon.
The reason is that in the time leading up to the ex-dividend date, that projected drop in Luminar Technologies stock price from the dividend is already baked into Luminar Technologies option prices.
That means the prices of call options that overlap the Luminar Technologies ex-dividend date typically go down in the period leading up to the ex-dividend date.
The prices of put options that overlap the Luminar Technologies ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Luminar Technologies call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Luminar Technologies put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Luminar Technologies Dividends
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