Tuesday Is Your Last Chance To Buy Olin Before The Dividend Payout
Portfolio Pulse from Benzinga Insights
Olin Corporation (NYSE:OLN) has announced a quarterly dividend of 20 cents per share, payable on September 08, 2023. To be eligible for the dividend, shareholders must own the stock before the ex-dividend date, which is Wednesday. The stock will likely open 20 cents lower on Wednesday to reflect the payout.
August 04, 2023 | 3:39 pm
News sentiment analysis
Sort by:
Ascending
NEUTRAL IMPACT
Olin Corporation's announcement of a 20 cents per share dividend may attract investors looking for income, potentially driving up the stock price in the short term. However, the stock is expected to open lower on the ex-dividend date.
Dividend announcements often attract income-focused investors, which can drive up the stock price. However, stocks typically open lower on the ex-dividend date to reflect the payout, which can temporarily depress the stock price.
CONFIDENCE 90
IMPORTANCE 70
RELEVANCE 100