Dolby Laboratories's Ex-Dividend Date Is Friday, Here's What You Need To Know
Portfolio Pulse from Benzinga Insights
Dolby Laboratories (NYSE:DLB) has announced a quarterly dividend of 27 cents per share. The ex-dividend date is Friday, meaning the stock will likely open 27 cents lower to reflect the payout. Shareholders who own DLB as of the end of Thursday's session are eligible to receive the dividend, which will be paid out on August 22, 2023.
August 08, 2023 | 2:45 pm
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Dolby Laboratories has announced a quarterly dividend of 27 cents per share. The stock will likely open lower on the ex-dividend date, which is Friday.
The announcement of a dividend typically leads to a decrease in the stock price on the ex-dividend date. This is because the stock price is adjusted to reflect the payout. Therefore, it is expected that Dolby Laboratories' stock price will open lower on the ex-dividend date.
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