Mastercard's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Mastercard (NYSE:MA) has announced a quarterly dividend of 57 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 57 cents lower to reflect the payout. Shareholders who own MA as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on August 09, 2023.
July 03, 2023 | 2:45 pm
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Mastercard's stock price is expected to open lower on the ex-dividend date due to the payout. However, the dividend announcement could attract more investors, potentially balancing the short-term impact.
The announcement of a dividend often attracts investors as it indicates a company's profitability and ability to return capital to shareholders. However, the stock price typically drops on the ex-dividend date by an amount roughly equal to the dividend paid. This is because the stock will trade without the value of the dividend payout. In the short term, these two factors could balance each other out, leading to a neutral impact on the stock price.
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