Wednesday Is Your Last Chance To Buy Vulcan Materials Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Wednesday is the last day for investors to buy Vulcan Materials (NYSE:VMC) shares to be eligible for the next dividend payout of 43 cents per share. The stock will go ex-dividend on Thursday, and the dividend will be paid out on June 9, 2023.
May 22, 2023 | 2:48 pm
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Vulcan Materials (NYSE:VMC) will go ex-dividend on Thursday, with a dividend payout of 43 cents per share. Investors must own shares by end of Wednesday to be eligible.
The news is directly related to Vulcan Materials (VMC) and its dividend payout. However, the short-term impact on the stock price is neutral, as the stock will likely open 43 cents lower on Thursday to reflect the dividend payout. This is a normal occurrence for stocks going ex-dividend and does not indicate a change in the company's fundamentals or outlook.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100