Larimar Therapeutics Inc Dividends
The next dividend date for Larimar Therapeutics 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 Larimar Therapeutics Inc (LRMR)
More About Larimar Therapeutics Inc
Larimar Therapeutics, Inc., a clinical-stage biotechnology company, focuses on developing treatments for rare diseases using its novel cell penetrating peptide technology platform. Its lead product candidate is CTI-1601, which is in Phase 2 OLE clinical trial for the treatment of Friedreich's ataxia, a rare, progressive and fatal genetic disease. The company is based in Bala Cynwyd, Pennsylvania.
Owning Larimar Therapeutics Inc Stock on the Dividend Date
If you own Larimar Therapeutics Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Larimar Therapeutics 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 Larimar Therapeutics Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Larimar Therapeutics Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Larimar Therapeutics Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Larimar Therapeutics Inc Dividends
You can contact us any time if you would like to ask questions about Larimar Therapeutics Inc dividends or anything else related to the stock market.