Wednesday Is Your Last Chance To Buy Utz Brands Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Utz Brands (NYSE:UTZ) will pay a quarterly dividend of 5.7 cents per share, with Wednesday being the last chance for investors to be eligible for the payout. The stock will go ex-dividend on Thursday, and the dividend will be paid out on July 6, 2023.
June 12, 2023 | 2:45 pm
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Utz Brands will pay a 5.7 cents per share dividend, with the stock going ex-dividend on Thursday. Investors must own shares by end of Wednesday to be eligible.
The news of Utz Brands' dividend payout is directly related to the company's stock. However, the short-term impact on the stock price is neutral, as the stock will likely open 5.7 cents lower on Thursday to reflect the payout. This is a standard practice for stocks going ex-dividend and does not indicate a significant change in the company's value.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100