Shinhan Financial Group Co Ltd Dividends
The next dividend date for Shinhan Financial Group Co Ltd 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 Shinhan Financial Group Co Ltd (SHG)
More About Shinhan Financial Group Co Ltd
Shinhan Financial Group Co., Ltd. provides financial products and services in South Korea and internationally. The company operates in six segments: Commercial Banking, Credit Card, Securities, Insurance, Credit, and Others. It offers retail banking services, including demand, savings, and fixed deposit-taking; checking accounts; mortgage and home equity, and retail lending; electronic banking and automatic teller machines (ATM); and bill paying, payroll and check-cashing, currency exchange, and wire fund transfer services. The company also provides corporate banking services, such as investment banking, real estate financing, overseas real estate and development project financing, infrastructure and structured financing, equity/venture investments, and mergers and acquisitions consulting; securitization and derivatives services comprising securities and derivative products, and foreign exchange trading; business expansion financing and consulting services; and working capital loans and facilities loans. In addition, it is involved in treasury and investment activities in international capital markets consisting of foreign currency-denominated securities trading, foreign exchange trading and services, trade-related financial services, international factoring services, and foreign banking operations. Further, the company offers real estate trust, investment advisory, venture business investment, life and non-life insurance, trust account management, securities brokerage, and asset management services. Additionally, it provides transaction history inquiries and fund transfers, opening letters of credit, trade finance, payment and collection management, sales and acquisition settlement, business-to-business settlement, sweeping, pooling, ERP interface, host-to-host banking, SWIFT SCORE, and cash and liquidity management service. The company was founded in 1982 and is headquartered in Seoul, South Korea.
Owning Shinhan Financial Group Co Ltd Stock on the Dividend Date
If you own Shinhan Financial Group Co Ltd stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Shinhan Financial Group Co Ltd stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Shinhan Financial Group Co Ltd stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Shinhan Financial Group Co Ltd stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Shinhan Financial Group Co Ltd dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Shinhan Financial Group Co Ltd Dividends
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