Friday Is Your Last Chance To Buy Shoe Carnival Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Shoe Carnival (NASDAQ:SCVL) has announced a quarterly dividend of 10 cents per share, payable on July 19, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Friday is the last day for investors to buy the stock and be eligible for the dividend.
June 28, 2023 | 2:45 pm
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Shoe Carnival's announcement of a 10 cents per share dividend may attract investors looking for income, potentially boosting the stock price in the short term. However, the stock is expected to trade lower on Monday when it goes ex-dividend.
Dividend announcements often attract investors looking for income, which can boost the stock price in the short term. However, stocks typically trade lower on the ex-dividend date as they no longer come with the right to the most recent dividend. Therefore, while there may be a short-term boost, the stock is expected to trade lower on Monday.
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