Plug Power Inc Dividends
The next dividend date for Plug Power 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 Plug Power Inc (PLUG)
More About Plug Power Inc
Plug Power Inc. develops hydrogen fuel cells product solutions in North America, Europe, Asia, and internationally. The company offers GenDrive, a hydrogen fueled proton exchange membrane (PEM) fuel cell system that provides power to material handling electric vehicles; GenSure, a stationary fuel cell solution that offers modular PEM fuel cell power to support the backup and grid-support power requirements of the telecommunications, transportation, and utility sectors; and Progen, a fuel cell stack and engine technology used in mobility and stationary fuel cell systems. It also offers GenFuel, a liquid hydrogen fueling delivery, generation, storage, and dispensing system; GenCare, an ongoing Internet of Things-based maintenance and on-site service program for GenDrive fuel cell systems; GenSure fuel cell systems; GenFuel hydrogen storage and dispensing products; ProGen fuel cell engines; and GenKey, an integrated turn-key solution for transitioning to fuel cell power. In addition, the company also provides electrolyzers, a hydrogen generator for clean hydrogen production; liquefaction systems that provides liquid hydrogen to customers; cryogenic equipment for the distribution of liquified hydrogen, oxygen, argon, nitrogen, and other cryogenic gases, including trailers and mobile storage equipment; and liquid hydrogen, an alternative to fuel to fossil-based energy. The company sells its products through a direct product sales force, original equipment manufacturers, and dealer networks. Plug Power Inc. was incorporated in 1997 and is headquartered in Latham, New York.
Owning Plug Power Inc Stock on the Dividend Date
If you own Plug Power Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Plug Power 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 Plug Power Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Plug Power Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Plug Power Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Plug Power 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 Plug Power Inc stock price from the dividend is already baked into Plug Power Inc option prices.
That means the prices of call options that overlap the Plug Power 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 Plug Power Inc ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Plug Power Inc call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Plug Power Inc put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Plug Power Inc Dividends
You can contact us any time if you would like to ask questions about Plug Power Inc dividends or anything else related to the stock market.