TPG's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
TPG (NASDAQ:TPG) announced a quarterly dividend of 20 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning TPG stock by the end of Tuesday's session will be eligible for the dividend payout, which will be distributed on June 5, 2023.
May 19, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
TPG's ex-dividend date is Wednesday, and the stock will likely trade lower to reflect the 20 cents per share dividend payout. Shareholders owning the stock by end of Tuesday are eligible for the payout.
The ex-dividend date is when the stock price typically adjusts downward to reflect the dividend payout. In this case, TPG's stock price is expected to open 20 cents lower on Wednesday, which may lead to a short-term negative impact on the stock price. Shareholders who own the stock by the end of Tuesday will be eligible for the dividend payout, making this news highly relevant and important for TPG investors.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100