Wex Inc Dividends
The next dividend date for Wex 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 Wex Inc (WEX)
More About Wex Inc
WEX Inc. operates a commerce platform in the United States and internationally. The Mobility segment offers fleet vehicle payment solutions, transaction processing, and information management services; and provides account activation and account retention services; authorization and billing inquiries, and account maintenance services; account management; credit and collections services; merchant services; analytics solutions; and ancillary services and offerings. This segment markets its products directly and indirectly to businesses and government agencies with fleets of commercial vehicles; and indirectly through co-branded and private label relationships. The Corporate Payments segment provides payment solutions, including embedded payments; and accounts payable automation and spend management solutions. This segment also markets its products directly and indirectly to customers in travel, fintech, insurance, consumer bill pay, and media verticals. The Benefits Solutions segment offers software-as-a-service (SaaS) platform for consumer directed healthcare benefits and full-service benefit enrollment solutions. In addition, its SaaS platform includes embedded payment solutions and plan administration services for consumer-directed health benefits; COBRA accounts; and benefit enrollment and administration services. Further, it offers custodial and depository services for health savings accounts; and markets its products through third-party administrators, financial institutions, payroll providers, and health plans. The company was formerly known as Wright Express Corporation and changed its name to WEX Inc. in October 2012. The company was founded in 1983 and is headquartered in Portland, Maine.
Owning Wex Inc Stock on the Dividend Date
If you own Wex Inc stock on the ex-dividend date, then you earn the associated dividend.
Theoretically, the price of Wex 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 Wex Inc stock).
Therefore, it is typically not expected that there is any incremental profit to be gained from buying Wex Inc stock right before the ex-dividend date and then selling it immediately after. It’s not like you get the Wex Inc dividend payout for free just by doing that since there is typically an equivalent commensurate drop in the stock price.
Learning More Wex Inc Dividends
You can contact us any time if you would like to ask questions about Wex Inc dividends or anything else related to the stock market.