Unum Gr's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Unum Gr (NYSE:UNM) has announced a quarterly dividend of 36.5 cents per share. The ex-dividend date is Thursday, meaning the stock will likely open 36.5 cents lower to reflect the payout. Shareholders who own UNM as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on August 18, 2023.
July 24, 2023 | 2:46 pm
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Unum Gr's stock is expected to open lower on the ex-dividend date due to the dividend payout. This could impact short-term trading strategies.
The ex-dividend date is the date on which the stock price is adjusted downwards by the amount of the dividend. This is because on the ex-dividend date, new buyers of the stock will not receive the upcoming dividend. Therefore, the stock price is expected to drop by roughly the amount of the dividend. This could impact short-term trading strategies, but for long-term investors, this is a non-event as the overall value of their investment remains the same.
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