Chemed: Dividend Insights
Portfolio Pulse from Benzinga Insights
Chemed (NYSE:CHE) has announced a quarterly dividend of 40 cents per share, which will be paid out to shareholders on September 05, 2023. The stock will go ex-dividend on Friday, meaning it will likely open 40 cents lower. Shareholders must own the stock prior to the ex-dividend date to be eligible for the dividend.
August 08, 2023 | 2:45 pm
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Chemed's announcement of a 40 cents per share dividend may lead to a short-term decrease in the stock price as it goes ex-dividend. However, this could attract dividend investors, potentially stabilizing the price.
When a stock goes ex-dividend, its price typically decreases by the amount of the dividend, as the company's assets have effectively decreased by the amount paid out. However, the announcement of a dividend can also attract new investors looking for regular income, which could stabilize or even increase the stock price in the longer term.
CONFIDENCE 90
IMPORTANCE 80
RELEVANCE 100