Templeton Emerging Mkt's Ex-Dividend Date Is Wednesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Templeton Emerging Mkt (NYSE:TEI) has announced a monthly dividend of 4.75 cents per share. The ex-dividend date is Wednesday, meaning the stock will likely open 4.75 cents lower to reflect the payout. Shareholders who own TEI as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on July 31, 2023.
July 14, 2023 | 2:45 pm
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Templeton Emerging Mkt's dividend announcement may lead to a short-term decrease in the stock price due to the ex-dividend date effect. However, the dividend payout could attract income-focused investors.
The ex-dividend date often leads to a decrease in a stock's price equivalent to the dividend amount, as the stock will trade lower to reflect the payout. However, the announcement of a dividend can also be attractive to income-focused investors, potentially leading to increased demand for the stock in the longer term.
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