Baker Hughes's Ex-Dividend Date Is Monday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Baker Hughes (NASDAQ:BKR) has announced a quarterly dividend of 20 cents per share. The ex-dividend date is Monday, meaning the stock will likely open 20 cents lower to reflect the payout. Shareholders who own BKR as of the end of Friday's session are eligible to receive the dividend, which will be paid out on August 18, 2023.
August 04, 2023 | 11:30 am
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Baker Hughes's stock will likely open lower on Monday due to the ex-dividend date. The dividend will be paid out on August 18, 2023.
The ex-dividend date is the date on which the stock price is adjusted downwards by the amount of the dividend. This is because the dividend is a distribution of the company's earnings, which reduces the company's retained earnings and therefore its stock price. As a result, Baker Hughes's stock price is expected to open lower on Monday.
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