Legend Biotech Corp Dividends
The next dividend date for Legend Biotech 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 Legend Biotech Corp (LEGN)
More About Legend Biotech Corp
Legend Biotech Corporation, through its subsidiaries, operates as a biopharmaceutical company that discovers, develops, manufactures, and commercializes novel cell therapies for oncology and other indications in the United States, China, and Europe. Its lead product candidate is ciltacabtagene autoleucel, or cilta-cel, which is a chimeric antigen receptor (CAR-T) therapy for the treatment of multiple myeloma (MM). The company also has a portfolio of earlier-stage autologous CAR-T product candidates targeting various cancers, including Non-Hodgkins Lymphoma (NHL), acute lymphoblastic leukemia, gastric cancer, esophageal cancer, pancreatic cancer, colorectal cancer, hepatocellular carcinoma, small cell lung cancer, and non-small cell lung cancer. In addition, it develops allogeneic gamma delta CAR-T and allogeneic CAR-NK product candidates targeting B-cell maturation antigen (BCMA) for MM, which are in investigator-initiated Phase 1 clinical trials in China. The company has a collaboration and license agreement with Janssen Biotech, Inc. for the development and commercialization of cilta-cel, as well as a license agreement with Novartis Pharma AG for the development, manufacture, and commercialization of CAR-T cell therapies targeting delta-like ligand protein 3. The company was founded in 2014 and is headquartered in Somerset, New Jersey.
Owning Legend Biotech Corp Stock on the Dividend Date
If you own Legend Biotech Corp stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Legend Biotech 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 Legend Biotech Corp stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Legend Biotech Corp stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Legend Biotech Corp dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Legend Biotech Corp Dividends
You can contact us any time if you would like to ask questions about Legend Biotech Corp dividends or anything else related to the stock market.