Passage Bio Inc Dividends
The next dividend date for Passage Bio 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 Passage Bio Inc (PASG)
More About Passage Bio Inc
Passage Bio, Inc., a genetic medicines company, develops gene therapies for central nervous system diseases. It develops PBGM01, a functional GLB1 gene encoding ß-galactosidase for infantile GM1; PBFT02, a functional granulin (GRN) and gene encoding progranulin (PGRN) for the treatment of FTD caused by progranulin deficiency; and PBKR03, a functional GALC gene encoding the hydrolytic enzyme galactosylceramidase for infantile Krabbe disease. The company develops PBML04 for the treatment of metachromatic leukodystrophy; PBAL05 for the treatment of amyotrophic lateral sclerosis; and other program for huntington's disease. It has a strategic research collaboration with the Trustees of the University of Pennsylvania's Gene Therapy Program; and collaboration agreement, and a development services and clinical supply agreement with Catalent Maryland, Inc. The company was incorporated in 2017 and is based in Philadelphia, Pennsylvania.
Owning Passage Bio Inc Stock on the Dividend Date
If you own Passage Bio Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Passage Bio 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 Passage Bio Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Passage Bio Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Passage Bio Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Passage Bio Inc Dividends
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