New York Times: Dividend Insights
Portfolio Pulse from Benzinga Insights
New York Times (NYSE:NYT) has announced a quarterly dividend of 11 cents per share, payable on July 27, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders owning NYT stock by the end of Friday's session will be eligible for the dividend.
July 05, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
New York Times has announced a quarterly dividend of 11 cents per share. The stock will go ex-dividend on Monday, which may cause a short-term decrease in the stock price.
The announcement of a dividend often leads to a short-term increase in the stock price as investors buy in to receive the dividend. However, once the stock goes ex-dividend, the stock price typically decreases by approximately the amount of the dividend, as the company's assets have effectively decreased by the amount of the dividend payout. In this case, the stock price of NYT is expected to decrease by about 11 cents per share on Monday.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100