WestRock: Dividend Insights
Portfolio Pulse from Benzinga Insights
WestRock (NYSE:WRK) has announced a quarterly dividend of 27.5 cents per share. The stock will go ex-dividend on Wednesday, meaning it will likely open 27.5 cents lower. Shareholders who own WRK as of the end of Tuesday's session are eligible to receive the dividend, which will be paid out on August 24, 2023.
August 04, 2023 | 3:41 pm
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WestRock's announcement of a 27.5 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this is a regular part of the dividend process and not a reflection of the company's performance.
When a stock goes ex-dividend, it typically trades lower to reflect the payout. This is a normal part of the dividend process and does not reflect negatively on the company's performance. However, it can lead to a short-term decrease in the stock price.
CONFIDENCE 90
IMPORTANCE 60
RELEVANCE 100