LPL Financial Holdings Inc Dividends
The next dividend date for LPL Financial Holdings 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 LPL Financial Holdings Inc (LPLA)
More About LPL Financial Holdings Inc
LPL Financial Holdings Inc., together with its subsidiaries, provides an integrated platform of brokerage and investment advisory services to independent financial advisors and financial advisors at institutions in the United States. The company's brokerage offerings include variable and fixed annuities, mutual funds, equities, fixed income, alternative investments, retirement and 529 education savings plans, and insurance; and client cash programs consist of Federal Deposit Insurance Corporation (FDIC) insured bank sweep vehicles, and a client cash and money market account. It also provides fee-based platforms that provide access to mutual funds, exchange traded funds, stocks, bonds, certain options strategies, unit investment trusts, institutional money managers, and no-load multi-manager variable annuities. In addition, the company offers retirement solutions for commission and fee-based services that allow advisors to provide brokerage services, consultation, and advice to retirement plan sponsors. Further, it provides other services comprising tools and services that enable advisors to maintain and grow their practices; trust, investment management oversight, and custodial services for estates and families; an advisor-facing trading and portfolio rebalancing platform; insurance brokerage general agency services; and technology products, such as proposal generation, investment analytics, and portfolio modeling. The company was formerly known as LPL Investment Holdings Inc. and changed its name to LPL Financial Holdings Inc. in June 2012. LPL Financial Holdings Inc. was founded in 1989 and is based in San Diego, California.
Owning LPL Financial Holdings Inc Stock on the Dividend Date
If you own LPL Financial Holdings Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of LPL Financial Holdings 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 LPL Financial Holdings Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying LPL Financial Holdings Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the LPL Financial Holdings Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More LPL Financial Holdings Inc Dividends
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