RPM International's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
RPM International (NYSE:RPM) has announced a quarterly dividend of 42 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 42 cents lower to reflect the payout. Shareholders who own RPM as of the end of Friday's session are eligible to receive the dividend, which will be paid out on July 31, 2023.
July 12, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Descending
NEGATIVE IMPACT
RPM International's stock is likely to open lower on Monday due to the ex-dividend date. The company's dividend payout may attract investors looking for income-generating stocks.
The ex-dividend date is the date on which the stock price is adjusted downwards to reflect the dividend payout. This is likely to cause a temporary drop in the stock price. However, the announcement of a dividend payout can also be attractive to investors looking for income-generating stocks, which could potentially offset the initial drop.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100