Friday Is Your Last Chance To Buy Dell Technologies Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Dell Technologies (NYSE:DELL) has announced a quarterly dividend of 37 cents per share, payable on August 04, 2023. The stock will go ex-dividend on Monday, meaning it will trade lower to reflect the payout. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
July 19, 2023 | 2:45 pm
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Dell Technologies has announced a quarterly dividend of 37 cents per share. The stock will likely open lower on Monday due to the ex-dividend status.
The announcement of a dividend payout usually leads to a short-term increase in the stock price as investors buy in to qualify for the dividend. However, once the stock goes ex-dividend, the stock price typically decreases by roughly the amount of the dividend payout. In this case, Dell's stock is expected to open lower on Monday, reflecting the 37 cents per share dividend.
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