Espey Mfg & Electronics's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Espey Mfg & Electronics (AMEX:ESP) announced a quarterly dividend of 10 cents per share, with the ex-dividend date set for Thursday. Shareholders owning ESP by the end of Wednesday's session will be eligible for the dividend payout, which will be distributed on June 28, 2023.
June 19, 2023 | 2:51 pm
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NEUTRAL IMPACT
Espey Mfg & Electronics (ESP) will go ex-dividend on Thursday, with a 10 cents per share quarterly dividend. Eligible shareholders will receive the payout on June 28, 2023.
The announcement of a dividend payout is generally a positive event for shareholders. However, the stock price will likely adjust downwards to reflect the dividend payout, resulting in a neutral short-term impact on the stock price. The importance of this news is relatively high for investors who are interested in dividend payouts, and the relevance is 100% as the news directly pertains to ESP.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100