Bank of N.T. Butterfield & Son Ltd Dividends
The next dividend date for Bank of N.T. Butterfield & Son Ltd 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 Bank of N.T. Butterfield & Son Ltd (NTB)
More About Bank of N.T. Butterfield & Son Ltd
The Bank of N.T. Butterfield & Son Limited provides a range of community, commercial, and private banking services to individuals and small to medium-sized businesses. The company accepts retail and corporate checking, savings, term, and interest bearing and non-interest-bearing deposits. Its lending portfolio includes residential mortgage lending, automobile lending, consumer financing, credit cards, overdraft facilities, commercial real estate lending, and commercial and industrial loans, as well as overdraft facilities to commercial and corporate customers. The company also offers investment products and services; and cash and liquidity management, foreign exchange, custody administration, and settlement services. In addition, it provides consumer and mortgage lending services; personal and property/auto insurance products; letters of credit; and cash management, payroll, remote banking, money market, advisory, brokerage, trust, estate, company management, treasury, wealth management, and fiduciary services. Further, it offers debit and credit cards; automated teller machines; and personal and business deposit, merchant acquiring, residential and commercial mortgages, and mobile and internet banking services. The company operates through offices in the Cayman Islands, Guernsey, Jersey, the United Kingdom, The Bahamas, Hong Kong, Switzerland, Singapore, Mauritius, and Canada, as well as Bermuda. The Bank of N.T. Butterfield & Son Limited was founded in 1784 and is headquartered in Hamilton, Bermuda.
Owning Bank of N.T. Butterfield & Son Ltd Stock on the Dividend Date
If you own Bank of N.T. Butterfield & Son Ltd stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Bank of N.T. Butterfield & Son Ltd stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Bank of N.T. Butterfield & Son Ltd stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Bank of N.T. Butterfield & Son Ltd stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Bank of N.T. Butterfield & Son Ltd dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Bank of N.T. Butterfield & Son Ltd Dividends
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