Tuesday Is Your Last Chance To Buy TriMas Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
TriMas (NASDAQ:TRS) has announced a quarterly dividend of 4 cents per share, which will be paid out to shareholders on August 10, 2023. To be eligible for the dividend, shareholders must own the stock prior to the ex-dividend date, which is Wednesday. The stock will likely open 4 cents lower on Wednesday to reflect the payout.

July 28, 2023 | 2:46 pm
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TriMas (NASDAQ:TRS) is set to pay a quarterly dividend of 4 cents per share. The stock is expected to open lower on the ex-dividend date, which is Wednesday.
The announcement of a dividend payout typically leads to a short-term increase in the stock price as investors buy in to qualify for the dividend. However, on the ex-dividend date, the stock price usually drops by roughly the amount of the dividend, as the company's assets have effectively decreased by the total amount of the dividend payout. In this case, TriMas' stock is expected to open 4 cents lower on Wednesday, reflecting the 4 cents per share dividend.
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