Okta Inc Dividends
The next dividend date for Okta 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 Okta Inc (OKTA)
More About Okta Inc
Okta, Inc. operates as an identity partner in the United States and internationally. The company offers Okta's suite of products and services used to manage and secure identities, such as Single Sign-On that enables users to access applications in the cloud or on-premises from various devices; Adaptive Multi-Factor Authentication provides a layer of security for cloud, mobile, web applications, and data; API Access Management enables organizations to secure APIs; Access Gateway enables organizations to extend Workforce Identity Cloud; and Okta Device Access enables end users to securely log in to devices with Okta credentials. It provides Universal Directory, a cloud-based system of record to store and secure user, application, and device profiles for an organization; Lifecycle Management enables IT organizations or developers to manage a user's identity throughout its lifecycle; Okta Identity Governance provides identity access management and identity governance solutions; Advanced Server Access offers access management to secure cloud infrastructure; Okta Privileged Access enables organizations to reduce risk with unified access and governance management for on-premises and cloud resources; and Okta Workforce Identity Workflows. In addition, the company offers Universal Login, which allows customers to provide login experience across different applications and devices; and Attack Protection, a suite of security capabilities that protects customers from different types of malicious traffic. Further, it provides Adaptive Multi-Factor Authentication, Passwordless, Machine to Machine, Private Cloud, Organizations, Actions and Extensibility, and Enterprise Connections. The company sells its products directly to customers through sales force and channel partners. The company was formerly known as Saasure, Inc. Okta, Inc. was incorporated in 2009 and is headquartered in San Francisco, California.
Owning Okta Inc Stock on the Dividend Date
If you own Okta Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Okta 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 Okta Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Okta Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Okta Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Okta 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 Okta Inc stock price from the dividend is already baked into Okta Inc option prices.
That means the prices of call options that overlap the Okta 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 Okta Inc ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Okta Inc call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Okta Inc put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Okta Inc Dividends
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