Element Solutions: Dividend Insights
Portfolio Pulse from Benzinga Insights
Element Solutions (NYSE:ESI) announced a quarterly dividend of 8 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning ESI by the end of Tuesday's session will be eligible for the dividend payout, which will be distributed on June 15, 2023.
May 26, 2023 | 2:45 pm
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NEUTRAL IMPACT
Element Solutions announces 8 cents per share quarterly dividend. Ex-dividend date is Wednesday, and eligible shareholders will receive the payout on June 15, 2023.
The announcement of the dividend payout is important for ESI shareholders, as it directly affects their returns. However, the short-term impact on the stock price is neutral, as the stock will likely open 8 cents lower on the ex-dividend date, reflecting the payout.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100