NVIDIA: Dividend Insights
Portfolio Pulse from Benzinga Insights
NVIDIA (NASDAQ:NVDA) announced a quarterly dividend of 4 cents per share, with the ex-dividend date set for Wednesday. Shareholders owning NVDA by the end of Tuesday's session will be eligible for the dividend payout, which will be distributed on June 30, 2023.
June 02, 2023 | 2:47 pm
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NVIDIA's stock will likely open 4 cents lower on Wednesday due to the ex-dividend date. Shareholders owning the stock by the end of Tuesday will receive the 4 cents per share dividend on June 30, 2023.
The ex-dividend date typically results in a stock opening lower to reflect the dividend payout. In this case, NVIDIA's stock is expected to open 4 cents lower on Wednesday. However, this is a normal occurrence for stocks on their ex-dividend date and does not indicate a negative impact on the company's overall performance. The dividend payout is a positive for shareholders who own the stock by the end of Tuesday's session, as they will receive the 4 cents per share dividend on June 30, 2023.
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