Wednesday Is Your Last Chance To Buy Ennis Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Ennis (NYSE:EBF) has announced a quarterly dividend of 25 cents per share, payable on August 07, 2023. To be eligible for the dividend, shareholders must own the stock before the ex-dividend date, which is Thursday. The stock is expected to open 25 cents lower on Thursday to reflect the payout.
July 03, 2023 | 2:46 pm
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NEUTRAL IMPACT
Ennis's stock is expected to open lower on Thursday due to the dividend payout. However, this is a regular occurrence and does not reflect negatively on the company's performance.
The announcement of a dividend payout is generally a positive sign of a company's profitability. However, the stock price typically drops on the ex-dividend date to reflect the payout, which is a normal market adjustment. Therefore, the impact on the stock price is neutral in the short term.
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