Micron Technology: Dividend Insights
Portfolio Pulse from Benzinga Insights
Micron Technology (NASDAQ:MU) has announced a quarterly dividend of 11.5 cents per share. The stock will go ex-dividend on Friday, meaning it will likely open 11.5 cents lower. Shareholders owning MU by the end of Thursday's session will be eligible for the dividend, which will be paid out on July 25, 2023.
July 04, 2023 | 2:45 pm
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Micron Technology's announcement of a quarterly dividend of 11.5 cents per share may cause the stock to open lower on the ex-dividend date, but it provides income to shareholders.
Dividend announcements typically cause a stock's price to adjust downwards on the ex-dividend date to reflect the payout. However, this is a neutral event as it does not affect the company's value. The dividend provides income to shareholders, which could be seen as a positive aspect.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100