Myomo Inc Dividends
The next dividend date for Myomo 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 Myomo Inc (MYO)
More About Myomo Inc
Myomo, Inc., a wearable medical robotics company, designs, develops, and produces myoelectric orthotics for people with neuromuscular disorders in the United States, Germany, and internationally. The company offers MyoPro, a myoelectric-controlled upper limb brace or orthosis product used for supporting a patient's weak or paralyzed arm to enable and improve functional activities of daily living. It also provides MyoPro 2 that includes control technology, configuration software and user interface, and pop-out battery for extended use of the brace; and MyoPro2+, which comprises 3D printed orthotics capability, software enhancements, and a design for donning and doffing of the device. Its products are designed to help improve function in adults and adolescents with neuromuscular conditions due to brachial plexus injury, stroke, traumatic brain injury, spinal cord injury, and other neurological disorders. The company sells its products through various sales channels, including orthotics and prosthetics providers, the veteran's administration, and distributors. Myomo, Inc. was incorporated in 2004 and is headquartered in Burlington, Massachusetts.
Owning Myomo Inc Stock on the Dividend Date
If you own Myomo Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Myomo 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 Myomo Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Myomo Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Myomo Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Myomo Inc Dividends
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