Tilray Inc Dividends
The next dividend date for Tilray 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 Tilray Inc (TLRY)
More About Tilray Inc
Tilray Brands, Inc., a lifestyle consumer products company, engages in the research, cultivation, processing, and distribution of medical cannabis products in Canada, the United States, Europe, Australia, New Zealand, Latin America, and internationally. The company operates through four segments: Beverage Alcohol, Cannabis, Distribution, and Wellness. It also offers medical and adult-use cannabis products; purchases and resells pharmaceutical and wellness products; and produces, markets, sells, and distributes beverage alcohol products, and hemp-based food and other wellness products. The company offers its products under the Tilray, Aphria, Broken Coast, Symbios, Navcora, Charlotte's Web, Montauk Brewing, Shock Top, 10 Barrell, Breckenridge Brewery, SweetWater Brewing, Breckenridge Distillery, Blue Point Brewing, Broken Coast, Redecan, XMG, Manitoba Harvest, CC Pharma, Good Supply, Solei, Mollo, Chowie Wowie, Original Stash, Canaca, RIFF, Bake Sale, The Batch, HEXO, Alpine Beer Company, Green Flash, Hiball Energy, Redhook Brewery, Square Mile Cider, Widmer Brothers Brewing, Runner's High Brewing Company, Happy Flower, and Fresh Hemp Foods brands. It sells its products to retailers, wholesalers, patients, physicians, hospitals, pharmacies, researchers, and governments, as well as direct to consumers. The company was formerly known as Tilray, Inc. and changed its name to Tilray Brands, Inc. in January 2022. Tilray Brands, Inc. is headquartered in Leamington, Canada.
Owning Tilray Inc Stock on the Dividend Date
If you own Tilray Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Tilray 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 Tilray Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Tilray Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Tilray Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Tilray 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 Tilray Inc stock price from the dividend is already baked into Tilray Inc option prices.
That means the prices of call options that overlap the Tilray 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 Tilray Inc ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Tilray Inc call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Tilray Inc put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Tilray Inc Dividends
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