Toll Brothers Inc Dividends
The next dividend date for Toll Brothers 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 Toll Brothers Inc (TOL)
More About Toll Brothers Inc
Toll Brothers, Inc., together with its subsidiaries, designs, builds, markets, sells, and arranges finance for a range of detached and attached homes in luxury residential communities in the United States. It designs, builds, markets, and sells condominiums through Toll Brothers City Living. The company also develops a range of single-story living and first-floor primary bedroom suite home designs, as well as communities with recreational amenities, such as golf courses, marinas, pool complexes, country clubs, and fitness and recreation centers; and develops, operates, and rents apartments. In addition, it provides various interior fit-out options, such as flooring, wall tile, plumbing, cabinets, fixtures, appliances, lighting, and home-automation and security technologies. Further, the company owns and operates architectural, engineering, mortgage, title, land development, insurance, smart home technology, landscaping, lumber distribution, house component assembly, and component manufacturing operations. It serves luxury first-time, move-up, empty-nester, active-adult, and second-home buyers. The company was founded in 1967 and is headquartered in Fort Washington, Pennsylvania.
Owning Toll Brothers Inc Stock on the Dividend Date
If you own Toll Brothers Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Toll Brothers 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 Toll Brothers Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Toll Brothers Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Toll Brothers Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Owning Toll Brothers 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 Toll Brothers Inc stock price from the dividend is already baked into Toll Brothers Inc option prices.
That means the prices of call options that overlap the Toll Brothers 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 Toll Brothers Inc ex-dividend date typically go up in the period leading up to the ex-dividend date.
Owners of Toll Brothers Inc call options do not receive the dividend, even if they own the options on the ex-dividend date. Owners of Toll Brothers Inc put options are not responsible to pay the dividend, even if they own the options on the ex-dividend date.
Learning More Toll Brothers Inc Dividends
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