General Electric's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
General Electric (NYSE:GE) has announced that it will pay shareholders a quarterly dividend of 8 cents per share. The ex-dividend date is Monday, meaning the stock will likely trade lower to reflect the payout. Shareholders who own GE as of the end of Friday's session are eligible to receive the dividend, which will be paid out on July 25, 2023.
July 05, 2023 | 2:45 pm
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General Electric's stock may trade lower on Monday due to the ex-dividend date. However, the dividend payout could attract more investors, potentially balancing the short-term impact.
The ex-dividend date often leads to a temporary drop in a company's stock price, reflecting the amount of the dividend payout. However, the announcement of a dividend can also attract new investors, which could offset the short-term price drop.
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