Essential Utilities: Dividend Insights
Portfolio Pulse from Benzinga Insights
Essential Utilities (NYSE:WTRG) announced a quarterly dividend of 30.71 cents per share. The stock will go ex-dividend on Thursday, meaning it will likely open 30.71 cents lower. Shareholders owning the stock by the end of Wednesday's session will be eligible for the dividend, which will be paid out on September 01, 2023.

August 07, 2023 | 2:45 pm
News sentiment analysis
Sort by:
Ascending
NEGATIVE IMPACT
Essential Utilities announced a quarterly dividend of 30.71 cents per share. The stock will likely open lower on the ex-dividend date, which is Thursday.
The announcement of a dividend typically leads to a temporary increase in the stock price as investors buy in to qualify for the payout. However, on the ex-dividend date, the stock price usually drops by roughly the amount of the dividend, as the company's assets have effectively decreased by the total payout. In this case, Essential Utilities' stock is expected to open lower on the ex-dividend date.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100