Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR Dividends
The next dividend date for Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR 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 Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR (SBS)
More About Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR
Companhia de Saneamento Básico do Estado de São Paulo - SABESP provides basic and environmental sanitation services in the São Paulo State, Brazil. The company supplies treated water and sewage services to residential, commercial, and industrial private customers, as well as public. As of December 31, 2023, it provided water services through 10.3 million water connections; and sewage services through 8.8 million sewage connections in 376 municipalities of the São Paulo State. The company was founded in 1954 and is headquartered in São Paulo, Brazil.
Owning Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR Stock on the Dividend Date
If you own Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Companhia de Saneamento Basico do Estado de Sao Paulo SABESP ADR Dividends
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