Kenvue Initiates Quarterly Cash Dividend Of $0.20 Per Share
Portfolio Pulse from Benzinga Newsdesk
Kenvue has announced a quarterly cash dividend of $0.20 per share, payable on September 7, 2023, to shareholders of record as of the close of business on August 28, 2023.
July 20, 2023 | 10:41 am
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Kenvue's announcement of a quarterly cash dividend of $0.20 per share could potentially attract more investors, leading to a short-term increase in the stock price.
Dividends are a way for companies to distribute profits back to investors, which can make the stock more attractive to potential buyers. This announcement could therefore lead to increased demand for Kenvue's stock, potentially driving up the price in the short term.
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