Stonex Group Inc Dividends
The next dividend date for Stonex Group 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 Stonex Group Inc (SNEX)
More About Stonex Group Inc
StoneX Group Inc. operates as a global financial services network that connects companies, organizations, traders, and investors to market ecosystem in the United States, Europe, South America, the Middle East, Asia, and internationally. The company operates through four segments: Commercial, Institutional, Self-Directed/Retail, and Payments. The Commercial segment provides risk management and hedging, voice brokerage, market intelligence, physical commodity trading, and commodity financing, marketing, procurement, logistics, and price management services; and engages in the execution and clearing of exchange-traded and OTC products.This segment also acts as an institutional dealer in fixed income securities to serve asset managers, commercial bank trust and investment departments, broker-dealers, and insurance companies; and engages in asset management business. The Self-Directed/Retail segment provides trading services and solutions in the global financial markets, including spot foreign exchange, precious metals trading, contracts for differences, and spread bets; and wealth management services, as well as offers physical gold and other precious metals in various forms and denominations through Stonexbullion.com.The company was formerly known as INTL FCStone Inc. and changed its name to StoneX Group Inc. in July 2020. StoneX Group Inc. was founded in 1924 and is headquartered in New York, New York.
Owning Stonex Group Inc Stock on the Dividend Date
If you own Stonex Group Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Stonex Group 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 Stonex Group Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Stonex Group Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Stonex Group Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Stonex Group Inc Dividends
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