Ingles Markets's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Ingles Markets (NASDAQ:IMKTA) has announced a quarterly dividend of 16.5 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 16.5 cents lower to reflect the payout. Shareholders who own IMKTA as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on July 13, 2023.
June 30, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Ingles Markets has announced a quarterly dividend of 16.5 cents per share. The stock will likely open lower on the ex-dividend date, which is Wednesday.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to receive the dividend. However, on the ex-dividend date, the stock price usually drops by approximately the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, Ingles Markets' stock is expected to open lower on Wednesday, the ex-dividend date.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100