Snowflake Inc. Dividends
The next dividend date for Snowflake 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 Snowflake Inc. (SNOW)
More About Snowflake Inc.
Snowflake Inc. provides a cloud-based data platform for various organizations in the United States and internationally. The company's platform includes artificial intelligence (AI) Data Cloud, which enables customers to consolidate data into a single source of truth to drive meaningful business insights, build data applications, and share data and data products, as well as applies AI for solving business problems. It serves financial services, advertising, media and entertainment, retail and consumer goods, healthcare and life sciences, manufacturing, technology, telecom, travel and hospitality, and government and defense industries, as well as the public sector. The company was formerly known as Snowflake Computing, Inc. and changed its name to Snowflake Inc. in April 2019. Snowflake Inc. was incorporated in 2012 and is based in Bozeman, Montana.
Owning Snowflake Inc. Stock on the Dividend Date
If you own Snowflake Inc. stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Snowflake 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 Snowflake Inc. stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Snowflake Inc. stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Snowflake Inc. dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Snowflake 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 Snowflake Inc. stock price from the dividend is already baked into Snowflake Inc. option prices.
That means the prices of call options that overlap the Snowflake 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 Snowflake Inc. ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Snowflake Inc. call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Snowflake Inc. put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Snowflake Inc. Dividends
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