Clorox's Ex-Dividend Date Is Tuesday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Clorox (NYSE:CLX) has announced a quarterly dividend of $1.2 per share. The ex-dividend date is Tuesday, meaning the stock will likely open $1.2 lower to reflect the payout. Shareholders who own CLX as of the end of Monday's session are eligible to receive the dividend, which will be paid out on August 25, 2023.
August 04, 2023 | 1:40 pm
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Clorox's stock is likely to open lower on Tuesday due to the ex-dividend date. The company's dividend payout may attract investors looking for income, potentially providing a boost to the stock after the ex-dividend date.
The announcement of a dividend payout often leads to a temporary decrease in a company's stock price on the ex-dividend date, as the stock price is adjusted to reflect the payout. However, the dividend can also attract income-focused investors, potentially providing a boost to the stock after the ex-dividend date.
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