Penn National Gaming Inc Dividends
The next dividend date for Penn National Gaming 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 Penn National Gaming Inc (PENN)
More About Penn National Gaming Inc
PENN Entertainment, Inc., together with its subsidiaries, provides integrated entertainment, sports content, and casino gaming experiences. The company operates through five segments: Northeast, South, West, Midwest, and Interactive. It operates portfolio of casinos, racetracks, and online sports betting in various jurisdictions; and iCasino under Hollywood Casino, L'Auberge, ESPN BET, and theScore BET Sportsbook and Casino brands. The company also engages in gaming operations, such as slot machines and table games; food and beverage offerings; and hotel visitation. In addition, its portfolio includes PENN Play, customer loyalty program, which offers a set of rewards and experiences. Further, the company owns various trademarks and service marks, including Ameristar, Argosy, Boomtown, Hollywood Casino, Hollywood Gaming, L'Auberge, M Resort, PENN Entertainment, and PENN Play, as well as theScore, theScore Bet, and theScore esports. The company was formerly known as Penn National Gaming, Inc. and changed its name to PENN Entertainment, Inc. in August 2022. PENN Entertainment, Inc. was founded in 1972 and is based in Wyomissing, Pennsylvania.
Owning Penn National Gaming Inc Stock on the Dividend Date
If you own Penn National Gaming Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Penn National Gaming 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 Penn National Gaming Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Penn National Gaming Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Penn National Gaming Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Penn National Gaming 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 Penn National Gaming Inc stock price from the dividend is already baked into Penn National Gaming Inc option prices.
That means the prices of call options that overlap the Penn National Gaming 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 Penn National Gaming Inc ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Penn National Gaming Inc call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Penn National Gaming Inc put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Penn National Gaming Inc Dividends
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