Tanzanian Royalty Exploration Corp Dividends
The next dividend date for Tanzanian Royalty Exploration Corp 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 Tanzanian Royalty Exploration Corp (TRX)
More About Tanzanian Royalty Exploration Corp
TRX Gold Corporation, a junior gold mining company, engages in the exploration, development, and production of mineral property in Tanzania. Its flagship project includes Buckreef Gold Project in Tanzania. The company was formerly known as Tanzanian Gold Corporation and changed its name to TRX Gold Corporation in May 2022. The company was incorporated in 1990 and is based in Oakville, Canada.
Owning Tanzanian Royalty Exploration Corp Stock on the Dividend Date
If you own Tanzanian Royalty Exploration Corp stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Tanzanian Royalty Exploration Corp stock should go down by the amount of the dividend (in addition to any other pressures that market forces have on the price of Tanzanian Royalty Exploration Corp stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Tanzanian Royalty Exploration Corp stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Tanzanian Royalty Exploration Corp dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Tanzanian Royalty Exploration Corp Dividends
You can contact us any time if you would like to ask questions about Tanzanian Royalty Exploration Corp dividends or anything else related to the stock market.