Wednesday Is Your Last Chance To Buy Caleres Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Wednesday is the last day for investors to buy Caleres (NYSE:CAL) shares to be eligible for the upcoming 7 cents per share dividend payout. The stock will go ex-dividend on Thursday, and the dividend will be paid on June 28, 2023.
June 05, 2023 | 2:46 pm
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Caleres (NYSE:CAL) will go ex-dividend on Thursday, with a 7 cents per share dividend payout. Investors must own shares by end of Wednesday to be eligible.
The news is directly related to Caleres and its dividend payout. However, the short-term impact on the stock price is neutral, as the stock will likely open 7 cents lower on Thursday to reflect the dividend payout. This is a normal occurrence for stocks going ex-dividend and does not indicate a significant change in the company's fundamentals or outlook.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100