Marcus: Dividend Insights
Portfolio Pulse from Benzinga Insights
Marcus (NYSE:MCS) announced a quarterly dividend of 5 cents per share, with the ex-dividend date set for Thursday. Shareholders owning MCS by the end of Wednesday's session will be eligible for the dividend payout, which will be distributed on June 15, 2023.
May 29, 2023 | 2:45 pm
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Marcus (NYSE:MCS) will pay a 5 cents per share quarterly dividend, with the ex-dividend date on Thursday. Eligible shareholders will receive the payout on June 15, 2023.
The stock will likely open 5 cents lower on the ex-dividend date, as the stock price adjusts to reflect the dividend payout. This may cause a short-term negative impact on the stock price. However, the dividend announcement is generally a positive signal for investors, indicating the company's financial health and commitment to shareholder returns.
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