Thursday Is Your Last Chance To Buy Weis Markets Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Weis Markets (NYSE:WMK) has announced a quarterly dividend of 34 cents per share. The stock will go ex-dividend on Friday, meaning it will trade lower to reflect the payout. Shareholders who own WMK as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 21, 2023.
August 04, 2023 | 9:18 am
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Weis Markets has announced a dividend payout, which will likely cause the stock to open lower on the ex-dividend date. This could impact short-term trading strategies.
Dividend payouts typically cause a stock's price to decrease by roughly the amount of the dividend on the ex-dividend date. This is because the company's assets decrease by the amount of the dividend payout. Therefore, it's likely that WMK's stock price will open lower on the ex-dividend date.
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