Nokia Corp ADR Dividends
The next dividend date for Nokia Corp ADR 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 Nokia Corp ADR (NOK)
More About Nokia Corp ADR
Nokia Oyj, together with its subsidiaries, provides mobile, fixed, and cloud network solutions in North and Latin America, Greater China, India, rest of the Asia Pacific, Europe, the Middle East, and Africa. It operates in four segments: Network Infrastructure, Mobile Networks, Cloud and Network Services, and Nokia Technologies. The company offers fixed network solutions, such as fiber and copper technologies, access infrastructure, in-home Wi-Fi solutions, and cloud and virtualization services; IP network solutions, which delivers IP routing and data center networking solutions for residential, mobile, enterprise, and cloud applications; and optical networks solutions, which provides optical transport networks for metro, regional, and long-haul applications. It also provides mobile technology products and services for radio access networks and microwave radio links for transport networks; and network management solutions, as well as network planning, optimization, network deployment, and technical support services. In addition, the company offers cloud and network services, including open, secure, automated, and scalable software and solutions; and 5G core, secure autonomous networks, private wireless and industrial edge, and network APIs. Further, it licenses intellectual property, including patents, technologies, and the Nokia brand. The company serves its products and services to communications service providers, industrial enterprises, governments, digital industries, webscales and hyperscalers, licensees, and the defense sector. Nokia Oyj was founded in 1865 and is headquartered in Espoo, Finland.
Owning Nokia Corp ADR Stock on the Dividend Date
If you own Nokia Corp ADR stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Nokia Corp ADR stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Nokia Corp ADR stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Nokia Corp ADR stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Nokia Corp ADR dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Nokia Corp ADR 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 Nokia Corp ADR stock price from the dividend is already baked into Nokia Corp ADR option prices.
That means the prices of call options that overlap the Nokia Corp ADR ex-dividend date typically go down in the period leading up to the ex-dividend date.
The prices of put options that overlap the Nokia Corp ADR ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Nokia Corp ADR call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Nokia Corp ADR put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Nokia Corp ADR Dividends
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