National Instruments's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
National Instruments (NASDAQ:NATI) has announced a quarterly dividend of 28 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 28 cents lower to reflect the payout. Shareholders who own NATI as of the end of Friday's session are eligible to receive the dividend, which will be paid out on August 29, 2023.
August 04, 2023 | 11:30 am
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National Instruments' stock is expected to open lower on Monday due to the ex-dividend date. However, the dividend payout could attract more investors, potentially balancing the short-term impact.
The ex-dividend date often leads to a temporary drop in a company's stock price, reflecting the amount of the dividend payout. However, the announcement of a dividend can also attract new investors, which could offset the short-term price drop.
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