Wednesday Is Your Last Chance To Buy Marvell Tech Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Marvell Tech (NASDAQ:MRVL) has announced a quarterly dividend of 6 cents per share. The stock will go ex-dividend on Thursday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend. The dividend will be paid out on July 26, 2023.

July 03, 2023 | 2:46 pm
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Marvell Tech's stock will likely open lower on the ex-dividend date 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 often leads to a temporary decrease in the stock's price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. However, this is a regular occurrence and does not indicate any issues with the company's performance. Investors who own the stock prior to the ex-dividend date will receive the dividend, which they can choose to reinvest or use in another way.
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