Seaboard's Ex-Dividend Date Is Thursday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Seaboard (AMEX:SEB) has announced a quarterly dividend of $2.25 per share. The ex-dividend date is Thursday, meaning the stock will likely open $2.25 lower to reflect the payout. Shareholders who own SEB as of the end of Wednesday's session are eligible to receive the dividend, which will be paid out on August 21, 2023.
August 07, 2023 | 2:45 pm
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Seaboard's stock price is expected to open lower on the ex-dividend date due to the $2.25 per share dividend payout. This could impact short-term trading strategies.
When a company announces a dividend, the stock price typically adjusts downward on the ex-dividend date by the amount of the dividend. This is because the dividend payout reduces the company's retained earnings, which is reflected in the stock price. Therefore, Seaboard's stock price is expected to open lower on the ex-dividend date.
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