ServiceNow Inc Dividends
The next dividend date for ServiceNow 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 ServiceNow Inc (NOW)
More About ServiceNow Inc
ServiceNow, Inc. provides cloud-based solution for digital workflows in the North America, Europe, the Middle East and Africa, Asia Pacific, and internationally. The company operates the Now platform, an AI platform for digital transformation machine learning, robotic process automation, process mining, analytics, and low-code/no-code development tools. It also provides asset management, integrated risk management, IT service management, Operational Technology management, Security Operations, strategic portfolio management, IT operations management products; customer service management product; and field service management applications. In addition, the company offers human resources, legal, and workplace service delivery products; app engine product; automation engine; platform privacy and security product; and source-to-pay operations. Further, ServiceNow, Inc. develops and operates a mobile-enabled manufacturing application. It serves government, financial services, healthcare and life science, manufacturing, Public Sector, retail, IT services, technology, and Telecom sectors through service providers and resale partners. The company was formerly known as Service-now.com and changed its name to ServiceNow, Inc. in May 2012. ServiceNow, Inc. was founded in 2004 and is headquartered in Santa Clara, California.
Owning ServiceNow Inc Stock on the Dividend Date
If you own ServiceNow Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of ServiceNow 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 ServiceNow Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying ServiceNow Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the ServiceNow Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning ServiceNow Inc 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 ServiceNow Inc stock price from the dividend is already baked into ServiceNow Inc option prices.
That means the prices of call options that overlap the ServiceNow Inc ex-dividend date typically go down in the period leading up to the ex-dividend date.
The prices of put options that overlap the ServiceNow Inc ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of ServiceNow Inc call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of ServiceNow Inc put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More ServiceNow Inc Dividends
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