Lowe's Companies: Dividend Insights
Portfolio Pulse from Benzinga Insights
Lowe's Companies (NYSE:LOW) announced it will pay a quarterly dividend of $1.1 per share. The stock will go ex-dividend on Tuesday, meaning it will likely open $1.1 lower. Shareholders owning LOW by the end of Monday's session will be eligible for the dividend payout. The dividend will be paid out on August 09, 2023.
July 20, 2023 | 2:45 pm
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Lowe's Companies (NYSE:LOW) will pay a quarterly dividend of $1.1 per share. The stock will go ex-dividend on Tuesday, which may cause the stock to open lower.
The announcement of a dividend payout often leads to a temporary increase in the stock price as investors buy in to qualify for the dividend. However, the stock price typically drops on the ex-dividend date by an amount roughly equal to the dividend paid. In this case, Lowe's stock is expected to open $1.1 lower on Tuesday.
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