Ferguson's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Ferguson (NYSE:FERG) announced a quarterly dividend of 75 cents per share, with the ex-dividend date set for Thursday. Shareholders owning FERG stock by the end of Wednesday's session will be eligible for the dividend payout, which will be distributed on August 4, 2023.
June 12, 2023 | 2:48 pm
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Ferguson's ex-dividend date is Thursday, and the stock will likely open 75 cents lower to reflect the dividend payout. Shareholders owning FERG by the end of Wednesday will be eligible for the 75 cents per share dividend.
The ex-dividend date is when the stock price is adjusted to reflect the dividend payout. In this case, Ferguson's stock will likely open 75 cents lower on Thursday, which may cause a short-term negative impact on the stock price. However, this is a common occurrence for stocks going ex-dividend and should not be a cause for concern for long-term investors.
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